Days to sell for 2018 is: $$\begin{array} {| r |r | r | }
\hline \text { Costs of goods sold for 2018 } & \mathbf { \$ 1 , 8 0 0 , 0 0 } \
\hline \text { Irventory, Decernber } 31,2017 & 435,000 \
\hline \text { Irventory, Decerrber } 31,2018 & 465,000 \
\hline
\end{array}$$
A)91.25
B)94.3
C)88.16
D)182.5

Question

Days to sell for 2018 is: $$\begin{array} {| r |r | r | } 
\hline \text { Costs of goods sold for 2018 } & \mathbf { \$ 1 , 8 0 0 , 0 0 } \
\hline \text { Irventory, Decernber } 31,2017 & 435,000 \
\hline \text { Irventory, Decerrber } 31,2018 & 465,000 \
\hline
\end{array}$$
A)91.25
B)94.3
C)88.16
D)182.5

Quizplus · Accepted Answer

The Days to Sell is calculated as (Average Inventory / Cost of Goods Sold) * 365. Average Inventory = (435,000 + 465,000) / 2 = 450,000. Days to Sell = (450,000 / 1,800,000) * 365 = 91.25.

Days to Sell for 2018 Is A)9125 B)94

Days to Sell for 2018 Is A)9125
B)94