Paul's Manufacturing has sales of $810,000. The cost of goods sold is equal to 80% of sales. The firm has an average inventory of $11,500. How many days on average does it take the firm to sell its inventory?
A) 3.24 days
B) 5.18 days
C) 6.48 days
D) 56.35 days
E) 70.43 days
Correct Answer:
Verified
Q65: Dallas and More (D & M) sells
Q77: A firm has sales of $720,000. The
Q222: Blackberry, Inc. had sales for the past
Q223: For the year just ended, James' Drafting
Q224: Keyser Metal Fabricators collects 25% of sales
Q225: [Each transaction takes place at the end
Q227: Year Average Q228: The Friendly Bank offers AB United a Q229: Year Average Q230: What is Ned's cash cycle at the![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents