Calculate the number of days sales in inventory, Accounting Basics

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Calculate the number of days sales in inventory

Net Sales: 967250
Cost of goods sold: 631450
Average inventories for the year: 198000
Inventories at year-end: 158300
Average accounts receivable for the year: 42050
Accounts receivable at year-end: 25200

Inventory turnover: 3.19

Accounts Receivable turnover: 23

Calculate the number of days' sales in inventory for 2013, using year-end inventories.
Calculate the number of days' sales in accounts receivable for 2013, using year-end accounts receivable.

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Accounting Basics: Calculate the number of days sales in inventory

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Accounting Basics: Calculate the number of days sales in inventory

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Recent Questions Asked Accounting Basics

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Accounting Basics: Calculate the number of days sales in inventory

Reference No:- TGS0677774

Recent Questions Asked Accounting Basics

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