Polyana Shoe Store
The Polyana Shoe Store had sales last year of $50,000,000 based upon a cost of goods sold of $40,000,000. Polyana also has inventory, accounts receivable, and accounts payable of $5,000,000, $7,000,000, and $9,000,000, respectively.

-What is Polyana's average age of inventory?

Question

Polyana Shoe Store
The Polyana Shoe Store had sales last year of $50,000,000 based upon a cost of goods sold of $40,000,000. Polyana also has inventory, accounts receivable, and accounts payable of $5,000,000, $7,000,000, and $9,000,000, respectively.

-What is Polyana's average age of inventory?

Quizplus · Accepted Answer

5,000,000 / (40,000,000/365)= 45.625 days

Polyana Shoe Store The Polyana Shoe Store Had Sales Last Year of $50,000,000