nestorlopez7698 nestorlopez7698

13-08-2019
Business

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Garcia Company reported Cost of goods sold of $835,000 and ending Inventory of $41,750. The Days' sales in inventory (rounded to whole days) is:

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TomShelby TomShelby

16-08-2019

Answer:

18 days

Explanation:

[tex]\frac{Inventory}{COGS} \times 365 = Days \: Sales \: in \: Inventory[/tex]

Inventory 41,750

COGS 835,000

[tex]\frac{41,750}{835,000} \times 365 = Days \: Sales \: in \: Inventory[/tex]

Sales In Inventory = 18.25 days = 18

The inventory is sold every 18 days

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