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shepuryov [24]
2 years ago
3

Garcia Company reported Cost of goods sold of $835,000 and ending Inventory of $41,750. The Days' sales in inventory (rounded to

whole days) is:
Business
1 answer:
andriy [413]2 years ago
4 0

Answer:

18 days

Explanation:

\frac{Inventory}{COGS} \times 365 = Days \: Sales \: in \: Inventory

Inventory 41,750

COGS 835,000

\frac{41,750}{835,000} \times 365 = Days \: Sales \: in \: Inventory

Sales In Inventory = 18.25 days = 18

The inventory is sold every 18 days

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