Thomas Company Provided the Following Particulars for Year 2015 -Refer to the Table Above

question 78

Short Answer

Thomas Company provided the following particulars for year 2015: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,800,000 \\\hline \text { Beginning Merchandise Inventory } & 325,000 \\\hline \text { Ending Merchandise Inventory } & 650,000 \\\hline\end{array}$$
-Refer to the table above.Calculate the average number of days that inventory was held by Thomas Company during 2015. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)

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Definitions:

Social Protest

A collective action or demonstration expressing opposition to, or support for, a cause, policy, or set of conditions.

Collective Behaviour

The behaviour of people en masse – such as in a crowd, protest or riot.

Uniform Manner

Acting or executing in a consistent and identical way across different situations or instances.

Social Unrest

A condition of discontent, disagreement, or disorder among a group of people, often leading to protests or conflicts.