Solution-What is the average days to sell inventory

What is the average days to sell inventory

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Question - The 2013 and 2014 partial balance sheets for Ottoman Industries is shown below.

	2013	2014
Current Assets
Cash	$16,000	$14,000
Accounts Receivable, net	20,000	24,000
Inventory	30,000	28,000
Total Current Assets	66,000	66,000
Plant & Equipment, net	60,000	40,000
Total Assets	126,000	106,000

Sales revenue for Ottoman was $120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $82,400 for 2013 and $72,500 for 2014.

What is the average days to sell inventory for 2014?

141 days

146 days

133 days

137 days

Reference no: EM132109089

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What is the average days to sell inventory : Sales revenue for Ottoman was $120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $82,400. What is the average days to sell inventory for 2014

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What is the average days to sell inventory

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Reference no: EM132109089

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