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Question
Based on the following information, how many days of supply of inventory is the firm holding (assume 260 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place.
Sales $8,300,000
Cost of goods sold $7,540,000
Gross profit $760,000
Overhead costs $600,000
Net profit $160,000
Total inventory $2,600,000
Fixed assets $3,100,000
Long-term debt $2,300,000
a. 89.7 days
b. 99.2 days
c. 89.2 days
d. 95.2 days
Answer
This answer is hidden. It contains 1 characters.
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