Zhang Company Reported Cost of Goods Sold of $835,000 and Ending

question 60

Multiple Choice

Zhang Company reported Cost of goods sold of $835,000 and ending Inventory of $41,750.The Days' sales in inventory (rounded to whole days) is:

• A)18 days.
• B)418 days.
• C)10 days.
• D)56 days.
• E)20 days.

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Definitions:

Electricity

The flow of electrons from a source of higher electrical potential to a source of lower electrical potential through a conductor.

12-Volt Circuit

An electrical pathway that operates at 12 volts, commonly found in automotive electrical systems.

6-Ohm Resistor

An electronic component that opposes the flow of electrical current, with a resistance value of six ohms.

Series

Refers to an electrical circuit configuration in which components are connected end-to-end, such that the current flows through each component in sequence.