sales of $2,770, costs of goods sold of $2,110, inventory of $494, and accounts receivable of $425. How many days, on average, does it take Mario's to sell its inventory?
On average, does it take... View the full answer
- Sorry for the typo. the days it takes Mario to sell inventories = Inventory / Cost of goods sold * 365 days =( 494/ 2110* 365 days ) = 85.45 days
- May 02, 2018 at 6:31pm
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Inventory turnover ratio Inventory turnover ratio shows how many times a company's inventory is sold or... View the full answer