Multiple Choice
Days' sales in inventory is calculated by:
A) Ending inventory divided by cost of goods sold times 365.
B) Dividing merchandise inventory by cost of goods sold.
C) Cost of goods sold divided by ending inventory times 365.
D) Ending inventory divided by cost of goods sold.
E) Dividing cost of goods sold by merchandise inventory.
Correct Answer:
Verified
Correct Answer:
Verified
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