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The 2020, 2021, and 2022 Partial Balance Sheets for Ottoman

question 38

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The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below. The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below.   Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the average number of days to sell inventory for 2022? A) 133 days B) 137 days C) 141 days D) 146 days Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the average number of days to sell inventory for 2022?


Definitions:

Agent

An individual or entity authorized to act on behalf of another person or entity in dealings with third parties.

Principal Negotiator

identifies a person who has the primary responsibility for conducting negotiations, often on behalf of an organization or government.

Troubleshooter

describes someone skilled in solving problems or fixing complex issues, often in technical or organizational contexts.

Commission Basis

refers to a method of payment based on a percentage of the sales one makes, as opposed to a fixed salary.

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