If average inventory is $225 000,total credit sales is $1 200 000 and cost of sales is $980 000,the days inventory turnover is (round your answer up to the next full number of days):

Question

Quizplus · Accepted Answer

Days inventory turnover is calculated as (Average Inventory / Cost of Sales) * 365. Plugging in the values: ($225,000 / $980,000) * 365 = 83.75, which rounds up to 84 days.

If Average Inventory Is $225 000,total Credit Sales Is $1