SQC Inc. had sales of $3,000,000, cost of merchandise sold at $2,100,000, an average inventory of $140,000. What is SQC Inc.'s days' sales in inventory? (Round the answer to the nearest whole number.)  a. 24 days b. 17 days c. 15 days d. 30 days

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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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1. SQC Inc. had sales of $3,000,000, cost of merchandise sold at $2,100,000, an average
inventory of $140,000. What is SQC Inc.'s days' sales in inventory? (Round the answer
to the nearest whole number.)
 a. 24 days
b. 17 days
c. 15 days
d. 30 days

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