Asked by
Rainiel Magpayo
on Dec 16, 2024
Verified
The days in inventory during the year was
A) 15 days.
B) 11 days.
C) 91 days.
D) 122 days.
Days In Inventory
A financial metric that indicates the average number of days a company takes to turn its inventory into sales.
Credit Sales
Sales made by a business where the payment is delayed as per an agreement between the buyer and the seller.
- Calculate and interpret inventory turnover and days in inventory.
Verified Answer
AS
Learning Objectives
- Calculate and interpret inventory turnover and days in inventory.