Based on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year.
A)(1) 14.33 times (2) $589.04 (3) 24.5 days
B)(1) 23.88 times (2) $589.04 (3) 15.3 days
C)(1) 13.43 times (2) $597.22 (3) 26.8 days
D)(1) 14.33 times (2) $597.22 (3) 25.1 days

Question

Based on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year. 
A)(1) 14.33 times (2) $589.04 (3) 24.5 days 
B)(1) 23.88 times (2) $589.04 (3) 15.3 days 
C)(1) 13.43 times (2) $597.22 (3) 26.8 days 
D)(1) 14.33 times (2) $597.22 (3) 25.1 days

Quizplus · Accepted Answer

The Answer of Based on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year. 
A)(1) 14.33 times (2) $589.04 (3) 24.5 days 
B)(1) 23.88 times (2) $589.04 (3) 15.3 days 
C)(1) 13.43 times (2) $597.22 (3) 26.8 days 
D)(1) 14.33 times (2) $597.22 (3) 25.1 days

Based on the Following Information: What Is the Company's (1)