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Account Company X Company Y Company Z
Cost of goods sold $4,410,000 $9,112,500 $6,918,000
Average Inventory $574,000 $817,000 $703,600

What is the average number of days to sell inventory for Company Y? (Do not round your intermediate calculations.):

the answer is not 11.2 or 11.1

Respuesta :

Answer:

32.72 days(Approx)

Explanation:

Given that,

Company Y:

Cost of goods sold = $9,112,500

Average Inventory = $817,000

Therefore, the average number of days to sell inventory for Company Y is as follows:

= (Average inventory ÷ Cost of goods sold) × 365 days

= ($817,000 ÷ $9,112,500) × 365 days

= 32.72 days(Approx)

Hence, the average number of days to sell inventory for Company Y is 32.72 days.

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