Wonka Co.had cost of goods sold of $4,000 million,beginning inventory of $2,500 million and ending inventory of $1,500 million.The days' sales in inventory is

Question

Quizplus · Accepted Answer

Days' Sales in Inventory = (Ending Inventory/Cost of Goods Sold) x 365 days
Days' Sales in Inventory = (1,500/4,000) x 365
Days' Sales in Inventory = 0.375 x 365
Days' Sales in Inventory = 136.8 days
Therefore, the answer is A (136.8).

Wonka Cohad Cost of Goods Sold of $4,000 Million,beginning Inventory of of $2,500