Problem regarding the accounts payable

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Reference no: EM131017966

Zucha Corporation has an inventory period of 55 days, an accounts receivable (A/R) period of 6 days, and an accounts payable (A/P) period of 3 days. The company's annual sales is $182,795. Answer following questions.

(1) How many times per year does the company turn over its inventory?

(2) If the companyAc€?cs cost of goods sold (COGS) is 60 percent of the annual sales, what is its average inventory?

6.6364 times; $16,527
6.6364 times; $27,544
6.2931 times; $17,428
6.2931 times; $30,636
5.9836 times; $18,330

Reference no: EM131017966

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