Dabble, Inc. has sales of $985,000 and cost of goods sold of $645,000. The firm had an average inventory of $48,500. What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.) Days' sales in inventory days

Dabble, Inc. has sales of $985,000 and cost of goods sold of $645,000. The firm had an average inventory of $48,500. What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.) Days' sales in inventory days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 5P: A chain of appliance stores, APP Corporation, purchases inventory with a net price of 500,000 each...

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Dabble, Inc. has sales of $985,000 and cost of goods sold of $645,000. The firm had an average inventory of $48,500.
What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.)
Days' sales in inventory
days

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