Delphino's Has Sales for the Year of $127,300 and Cost

question 85

Multiple Choice

Delphino's has sales for the year of $127,300 and cost of goods sold of $86,700.The firm carries an average inventory of $14,300 and has an average accounts payable balance of $13,600.What is the inventory period?

• A)89.02 days
• B)58.68 days
• C)31.29 days
• D)60.20 days
• E)81.36 days

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Land or belongings owned by individuals or companies, not by the government or the public.

Bad Brakes

Refers to malfunctioning or inadequately performing braking systems in vehicles, which can lead to increased risk of accidents.

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Legally responsible or accountable for actions or outcomes, often necessitating compensation for damages or loss caused.

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A flaw or imperfection in a product or document that makes it inadequate or puts it out of compliance with standards or expectations.