A company has a cost of goods sold of Rs. 530,000; the beginning inventory is Rs. 120,000, and ending inventory is Rs. 180,000. Calculate the number of days to sell the inventory. (Round the figures to the nearest whole)
Average inventory = opening inv +ending inv / 2 = 120000+180000/ 2 = 150000 Inventory turnover = CGS / average inventory = 530,000 / 150000 = 3.53 Number of day to sell the inventory = 365 / 3.53 = 103.39
355 MCQ for effective preparation of the test of Financial Statement Analysis of Accounting section.
Read the MCQ statement: A company has a cost of goods sold of Rs. 530,000; the beginning inventory is Rs. 120,000, and ending inventory is Rs. 180,000. Calculate the number o .... e nearest whole) , keenly and apply the method you have learn through the video lessons for Financial Statement Analysis to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 267-269.