Ivan Men's Wear Company, a retailer, had cost of goods sold of $210,000 last year. The beginning inventory balance was $28,000 and the ending inventory balance was $20,000. The company's average inventory turnover in days was closest to:
A) 34.76 days
B) 83.43 days
C) 48.67 days
D) 41.71 days
D
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The first step in a force field analysis of the forces for and against an organizational change should be ______.
A. make an action plan B. define the problem C. list forces working for and against the desired changes D. rate the strength of each force.
U.S. GAAP and IFRS require firms to recognize as assets identifiable intangibles acquired in external market transactions. Which of the following is/are not true?
a. The exchange between an independent buyer and seller provides evidence of the existence of expected future benefits, and the exchange price provides evidence of the fair value of those benefits. b. In external market transactions, identifiable intangibles include patents, trademarks, customer lists, and other economic resources ready for use, as well as in-process technologies with uncertain future benefits. c. In external market transactions, identifiable intangible assets have either finite lives or indefinite lives. d. In external market transactions, firms must amortize intangible assets with finite lives, generally using the straight-line method. e. all of the above
When I ________ to pay my restaurant bill, I realized I ________ my credit card at home
A) try/forget B) tried/have forgotten C) tried/had forgotten D) tried/had forgot
Exchanges of plant assets that have commercial substance require any gain or loss on the transaction to be recognized
Indicate whether the statement is true or false