If a company's cost of goods sold is $15 million and its average aggregate value of inventory is $6 million its days of supply are approximately

Name: If a company's cost of goods sold is $15 million and its average aggregate value of inventory is $6 million its days of supply are approximately
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Question

Quizplus · Accepted Answer

Days of Supply = (Average Aggregate Inventory / Cost of Goods Sold) x 365
Days of Supply = ($6 million / $15 million) x 365
Days of Supply = 0.4 x 365
Days of Supply = 146.0 days

If a Company's Cost of Goods Sold Is $15 Million