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.

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Definitions:

American Workplace

The environment and culture found within U.S. businesses and organizations, including aspects like employee relations, work ethics, and organizational structures.

Reelect

The act of voting someone into an official position for another term, having previously held the position.

FDR

Franklin D. Roosevelt, the 32nd President of the United States, who served four terms from 1933 until his death in 1945 and led the country through the Great Depression and World War II.