Smith Company presents the following data for 2012. $$\begin{array} { l }
\text {Inventories, beginning of year}&\$310,150 \
\text {Inventories, end of year}&340,469 \
\text {Cost of Goods Sold}&2,103,696\
\text {Net Sales}&8,690,150\
\end{array}$$ The number of days' sales in inventory is:
A)65.8.
B)60.8.
C)59.1.
D)58.1.
E)60.4.

Question

Smith Company presents the following data for 2012. $$\begin{array} { l } 
\text {Inventories, beginning of year}&\$310,150 \
\text {Inventories, end of year}&340,469 \
\text {Cost of Goods Sold}&2,103,696\
\text {Net Sales}&8,690,150\
\end{array}$$ The number of days' sales in inventory is:
A)65.8.
B)60.8.
C)59.1.
D)58.1.
E)60.4.

Quizplus · Accepted Answer

The Answer of Smith Company presents the following data for 2012. $$\begin{array} { l } 
\text {Inventories, beginning of year}&\$310,150 \
\text {Inventories, end of year}&340,469 \
\text {Cost of Goods Sold}&2,103,696\
\text {Net Sales}&8,690,150\
\end{array}$$ The number of days' sales in inventory is:
A)65.8.
B)60.8.
C)59.1.
D)58.1.
E)60.4.

Smith Company Presents the Following Data for 2012 The Number of Days' Sales in Inventory Is: A)65

Smith Company Presents the Following Data for 2012 The Number of Days' Sales in Inventory Is:
A)65