BK Industries Has Sales of $500,000 and Cost of Goods

question 139

Multiple Choice

BK Industries has sales of $500,000 and cost of goods sold of $230,000. The firm had a beginning inventory of $10,000 and an ending inventory of $15,000. What is the length of the days' sales in inventory?

• A) 10.95 days
• B) 15.87 days
• C) 19.84 days
• D) 23.80 days

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Definitions:

Exclusive Right

A legal entitlement allowing an individual or entity to engage in a particular activity or use a particular property to the exclusion of all others.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.

Trade Secret

Confidential business information that provides a competitive edge and is protected from disclosure.

Protection

Measures or actions taken to guard against damage, loss, or harm to individuals or property.