Use the Following Information for Ephron Company to Compute Days

question 9

Multiple Choice

Use the following information for Ephron Company to compute days' sales in inventory for Year 2. $$\begin{array} { | l | r | r | } \hline & \text { Year } 2 & \text { Y ear 1 } \\\hline \text { Net sales } & \$ 547,500 & \$ 572,000 \\\hline \text { Cost of goods sold } & 348,500 & 370,840 \\\hline \text { Ending inventory } & 75,700 & 81,400 \\\hline\end{array}$$

• A)50.5
• B)76.8
• C)82.3
• D)79.3
• E)52.4

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Definitions:

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