Sow Tire, Inc. has sales of $1,450,000 and cost of goods sold of $980,000. The firm had a beginning inventory of $97,000 and anending inventory of $82,000.What is the length of the days' sales in inventory? (Use 365 days a year. Use ending inventory rather than average inventory. Roundyour answer to 2 decimal places.)

Sales = $1450000 COGS = $980000 Beginning inventory = $97000 Ending inventory = $82,000 The formula…

Answered: Sow Tire, Inc. has sales of $1,450,000…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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