A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period.Sales revenue is $986,400,cost of goods sold is $572,700,and net income is $124,200 for the accounting period.On average,this company has inventory on hand for approximately:
A)203 days.
B)44 days.
C)61 days.
D)26 days.

Question

Quizplus · Accepted Answer

The Answer of A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period.Sales revenue is $986,400,cost of goods sold is $572,700,and net income is $124,200 for the accounting period.On average,this company has inventory on hand for approximately:
A)203 days.
B)44 days.
C)61 days.
D)26 days.

A Company Has $72,500 in Inventory at the Beginning of the Accounting