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Some selected financial statement items belonging to Mirbat Company are given in the tab below. According to this information, which of the following is Average Inventory Period Average Inventory 18,000 Net Sales 80,000 Gross Profit 25,000 Non-current Assets 80,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: O a. 119 days O b. 128 days O c. 167 days O d. 130 days

Some selected financial statement items belonging to Mirbat Company are given in the tab below. According to this information, which of the following is Average Inventory Period Average Inventory 18,000 Net Sales 80,000 Gross Profit 25,000 Non-current Assets 80,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: O a. 119 days O b. 128 days O c. 167 days O d. 130 days

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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Some selected financial statement items belonging to Mirbat Company are given in the table below. According to this information, which of the following is Average Inventory Period Average Inventory 18,000 Net Sales 80,000 Gross Profit 25,000 Non-current Assets 80,000 Net Profit 13,000 Shareholders' Equity 65,000
Some selected financial statement items belonging to Mirbat Company are given in the table below. According to this information, which of the following is Average Inventory Period Average Inventory 18,000 Net Sales 80,000 Gross Profit 25,000 Non-current Assets 80,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: O a. 119 days O b. 128 days O c. 167 days O d. 130 days
Transcribed Image Text:Some selected financial statement items belonging to Mirbat Company are given in the table below. According to this information, which of the following is Average Inventory Period Average Inventory 18,000 Net Sales 80,000 Gross Profit 25,000 Non-current Assets 80,000 Net Profit 13,000 Shareholders' Equity 65,000 Select one: O a. 119 days O b. 128 days O c. 167 days O d. 130 days
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