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 25,000 Gross Profit Non-current Assets 80,000 Net Profit 13,000 Shareholders Equity 65,000 Select one: O a 167 days l O b. 119 days C. 128 days O d. 130 days

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 25,000 Gross Profit Non-current Assets 80,000 Net Profit 13,000 Shareholders Equity 65,000 Select one: O a 167 days l O b. 119 days C. 128 days O d. 130 days

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

Problem 4CE

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