Scribble, Inc. has sales of $94,000 and cost of goods sold of $78,000. The firm had a beginning inventory of $24,000 and an ending inventory of $26,000. What is the length of the days' sales in inventory? (Round your answer to 2 decimal places.)

Scribble, Inc. has sales of $94,000 and cost of goods sold of $78,000. The firm had a beginning inventory of $24,000 and an ending inventory of $26,000. What is the length of the days' sales in inventory? (Round your answer to 2 decimal places.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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