Assuming a 365-day year,the average number of days required for Carl Equipment to sell its inventory is: (Round your final answer to one decimal place. )
A)36.36.5 days.
B)73.0 days.
C)24.3 days.
D)304.2 days.

Question

Quizplus · Accepted Answer

The average number of days required for Carl Equipment to sell its inventory is 36.5 days. This is calculated by dividing the cost of goods sold by the average inventory. The cost of goods sold is $1,200,000 and the average inventory is $33,000.

Assuming a 365-Day Year,the Average Number of Days Required for Carl