Use the Following Information for Ephron Company to Compute Days

question 124

Multiple Choice

Use the following information for Ephron Company to compute days' sales in inventory for Year 2.
$$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Net sales } & \$ 547,500& \$ 572,000 \\\hline \text { Cost of goods sold } & 348,500& 370,840 \\\hline \text { Ending inventory } & 75,70& 81,400 \\\hline\end{array}$$

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

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