Question

Barron Industries has the following information: Sales Revenue $ 635,000 Ending inventory 67,000 Cost of Goods Sold 470,000 Beginning inventory 57,000 What is Barron’s number of days to sell? (

Answer 1

Barron’s number of days to sell is 52 days

Step-by-step explanation:

As per given data

Ending Inventory = $67,000

Cost of goods sold = $470,000

Number of days to sells measures the total number of days required to sale the inventory in the stock.

Number of days to sell = ( Ending Inventory / Cost of goods sold ) x 365

Number of days to sell = ( 67,000 / 470,000) x 365

Number of days to sell = 0.142553 x 365

Number of days to sell = 52 days