Tops had cost of goods sold of $8,321 million and its ending inventory was $2,027 million. Therefore its days' sales in inventory equals 89 days.
2,027/8,321*365 = 89

Name: Tops had cost of goods sold of $8,321 million and its ending inventory was $2,027 million. Therefore its days' sales in inventory equals 89 days. 2,027/8,321*365 = 89
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

This is the correct formula to calculate days' sales in inventory, and using the given numbers we get 89 days. So, the statement is true.

Tops Had Cost of Goods Sold of $8,321 Million and Its