Monica Mills Co. began the year with $100,000 in inventory and ends the year with $300,000. Purchases during the year amounted to $1,660,000. The number of days' sales in inventory for the year was
A) 43.98 days
B) 8.30 days
C) 7.30 days
D) 50.00 days
Correct Answer:
Verified
Q84: Which ratio tells how much long it
Q85: The two ratios that help a company
Q86: Andromeda, Inc., purchased $100,000 of inventory during
Q87: Which of the following factors are used
Q88: The following information was taken from
Q90: Martin Inc. is a wholesaler of office
Q91: Martin Inc. is a wholesaler of office
Q92: The following information is available for Lendo
Q93: How many years does it take for
Q94: Warren Clothing Store sells jeans. During
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