Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

James, Inc. provides the following​ data: 2025 2024 Cash $132,000 $121,000 Accounts​ Receivable, Net 75,000 52,000 Merchandise Inventory 49,000 43,000 ​Property, Plant, and​ Equipment, Net 122,000 99,000 For the year ending December​ 31, 2025: Net Sales Revenue $451,000 Cost of Goods Sold ​(315,000​) Gross Profit $136,000 Calculate the number of​ days' sales in inventory for 2025.​ (Use 365 days for any​ calculations.) A. 56.77 days B. 53.28 days C. 51.41 days D. 123.31 days

Sagot :

Kolawole845

Answer:

Option A is correct

Days' sales in inventory= 56.77 days

Explanation:

The days' sales in inventory is the average length if days for which product remain in stock until they are sold. The shorter the days the better.

Days' sales in inventory = (closing stock/cost of goods sold) × 365 days

Days' sales in inventory= 49,000/315,000× 365 days= 56.77 days

Days' sales in inventory= 56.77 days

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.