Below is financial data for Computech Industries' current year. Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 Refer to the data for Computech Industries. Based on this information, what is Computech's
number of days' sales in inventory (assuming a 360 day year)?
a. 132 days
b. 216 days
c. 1,091 days
d. 120 days
d
You might also like to view...
The ratio of the value of a firm to its annual earnings is called:
A. unappropriated profit. B. retained earnings. C. the earnings multiple. D. accumulated earning.
Describe two types of transposition errors
The purpose of ________ is to enable organizations to assess their progress in implementing the best project management practices in their industry and continuously move to improvement.
A. Retrospective and lessons learned B. Phase gates C. Maturity models D. A project office E. Balance scorecard
The Labor-Management Relations Act gives the president the right to seek an injunction to stop
a strike that would create a national emergency. Indicate whether the statement is true or false