Waters Department Store had net credit sales of $16,000,000 and cost of goods sold of $12,000,000 for the year. The average inventory for the year amounted to $2,000,000. The average number of days in inventory during the year was
A) 91 days.
B) 61 days.
C) 46 days.
D) 26 days.

Question

Quizplus · Accepted Answer

The Answer of Waters Department Store had net credit sales of $16,000,000 and cost of goods sold of $12,000,000 for the year. The average inventory for the year amounted to $2,000,000. The average number of days in inventory during the year was
A) 91 days.
B) 61 days.
C) 46 days.
D) 26 days.

Waters Department Store Had Net Credit Sales of $16,000,000 and Cost