Thomas Company provided the following particulars for year 2015: $$\begin{array} { | l | r | }
\hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,800,000 \
\hline \text { Beginning Merchandise Inventory } & 325,000 \
\hline \text { Ending Merchandise Inventory } & 650,000 \
\hline
\end{array}$$
-Refer to the table above.Calculate the average number of days that inventory was held by Thomas Company during 2015. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)

Question

Thomas Company provided the following particulars for year 2015: $$\begin{array} { | l | r | } 
\hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,800,000 \
\hline \text { Beginning Merchandise Inventory } & 325,000 \
\hline \text { Ending Merchandise Inventory } & 650,000 \
\hline
\end{array}$$
-Refer to the table above.Calculate the average number of days that inventory was held by Thomas Company during 2015. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)

Quizplus · Accepted Answer

The Answer of Thomas Company provided the following particulars for year 2015: $$\begin{array} { | l | r | } 
\hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,800,000 \
\hline \text { Beginning Merchandise Inventory } & 325,000 \
\hline \text { Ending Merchandise Inventory } & 650,000 \
\hline
\end{array}$$
-Refer to the table above.Calculate the average number of days that inventory was held by Thomas Company during 2015. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)

Thomas Company Provided the Following Particulars for Year 2015 -Refer to the Table Above