Les' Motors has sales of $482,800,cost of goods sold of $297,400,inventory of $169,600,and accounts receivable of $52,900.How many days,on average,does it take the firm to sell its inventory and collect payment on that sale?

Question

Quizplus · Accepted Answer

Total days in inventory and receivables = 365 / ($297,400 / $169,600)+ 365 / ($482,800 / $52,900)= 248.14 days

Les' Motors Has Sales of $482,800,cost of Goods Sold of $297,400,inventory