Marian Company reported the following items for the month of July: Sales revenue $470,300 Cost of goods sold $225,000 Beginning inventory $74,500 Ending inventory $84,700 Days' inventory outstanding is: (Round intermediate numbers to two decimal places, final answer to the nearest day.) A. 121 days B. 365 days C. 129 days D. 137 days

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
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Marian Company reported the following items for the month of July:
Sales revenue
$470,300 Cost of goods sold
$225,000
Beginning inventory
$74,500 Ending inventory
$84,700
Days' inventory outstanding is: (Round intermediate numbers to two decimal places, final answer to the nearest day.)
A. 121 days
B. 365 days
C. 129 days
D. 137 days
Transcribed Image Text:Marian Company reported the following items for the month of July: Sales revenue $470,300 Cost of goods sold $225,000 Beginning inventory $74,500 Ending inventory $84,700 Days' inventory outstanding is: (Round intermediate numbers to two decimal places, final answer to the nearest day.) A. 121 days B. 365 days C. 129 days D. 137 days
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