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A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period. Sales
revenue is $986,400, cost of goods sold is $572,700, and net income is $124,200 for the accounting period. On average, this company has
inventory on hand for approximately:
61 days.
44 days
26 days
203 days​

Respuesta :

Samawati

Answer:

= 44 days

Explanation:

Days’ of inventory on hand measures the number of days a business takes to sell its average balance of inventory.

Days of inventory = average inventory/cost of goods sold x 365 days.

For this company:

opening stock:  $ 72, 500

closing stock: $ 65, 500

cost of goods sold: $ 572 700

Average inventory =72500+65500/2

     = $ 69,000.00

Days of inventory =69,000/572 700x365

    = 43.975

   = 44 days

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