Turnbull Department Store Had Net Credit Sales of $18000000 and Cost

question 166

Multiple Choice

Turnbull Department Store had net credit sales of $18000000 and cost of goods sold of $15000000 for the year. The average inventory for the year amounted to $2500000. The average number of days in inventory during the year was

• A) 365 days.
• B) 60.8 days.
• C) 50.7 days.
• D) 30 days.