Problemif days purchases in inventory for a firm is 126, Ask an Expert

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Problem:

If Days Purchases in Inventory for a firm is 126 days, Sales is $3,632,600, and the Gross Profit Margin is 32%, what is the level of Inventory?

If Days Payable Outstanding for a firm is 42 days, Sales is $5,875,800, and the Gross Profit Margin is 38%, what is the level of Accounts Payable?

Please provide all calculation and methods to solve it.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146957

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