The financial ratio days' sales in inventory is measured as:
A. inventory turnover plus 365 days.
B. inventory times 365 days.
C. inventory plus cost of goods sold, divided by 365 days.
D. 365 days divided by the inventory.
E. 365 days divided by the inventory turnover
Ans: E. 365 days divided by the inventory turnover
Business
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Northbrook Corporation issued $60,000 bonds payable to acquire machinery. The journal entry to record the transaction is:
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