Smith Company presents the following data for 2012. Inventories, beginning of year $ 310,150 Inventories, end of year 340,469 Cost of Goods Sold 2,103,696 Net Sales 8,690,150 The number of days' sales in inventory is:

a. 65.8.
b. 60.8.
c. 59.1.
d. 58.1.
e. 60.4.

C

Business

You might also like to view...

Investments with long maturities would not include

A) common stocks. B) preferred stocks. C) corporate bonds. D) put and call options.

Business

________ is used as an estimate of reliability and involves administering a test with x number of items designed to assess a topic and then statistically analyzing the degree to which responses to the items vary together

A) Retest estimate B) Equivalent form estimate C) Content validity estimate D) Internal comparison estimate

Business