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21 May 2018
show work for better rating....On average, a firm sells $2,500,000 in merchandise a month. Its cost of goods sold equals 80 percent of sales, and it keeps inventory equal to one-half of its monthly cost of goods on hand at all times. If the firm analyzes its accounts using a 360-day year, what is the firm's inventory conversion period? a. 360 days b. 180 days c. 30 days d. 15 days e. 10 days
show work for better rating....On average, a firm sells $2,500,000 in merchandise a month. Its cost of goods sold equals 80 percent of sales, and it keeps inventory equal to one-half of its monthly cost of goods on hand at all times. If the firm analyzes its accounts using a 360-day year, what is the firm's inventory conversion period? a. 360 days b. 180 days c. 30 days d. 15 days e. 10 days
22 May 2023
Collen VonLv2
23 May 2018
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