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vivado [14]
3 years ago
8

Financial statement data at December 31 for Alpine Company are shown below.

Business
1 answer:
sesenic [268]3 years ago
5 0

Answer:

b. 121.7 days

Explanation:

Number of day's in sales = \frac{Average\: Inventory}{Cost \:of \:Goods \:Sold} \times 365

Here average Inventory = \frac{380,000 \: + \:320,000}{2} = 350,000

Therefore Number of days in sales = \frac{350,000}{1,050,000} \times 365 = 121.7 = days

Thus, in this manner we calculate the average number of days in sales, which are 121.7 days

b. 121.7 days

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