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hheellpp - jwilson08 - 09-30-2009
Hey, can any of you who have the "2009 Clep official study guide" book explain to me how the heck they got their answer for the second "financial Accounting" question? Here it is:
"What is the number of days' inventory on hand for a firm with cost of goods sold of $750,000 and average ending inventory of $150,000?"
Their answer is 73.
Huh?
hheellpp - cannoda - 09-30-2009
jwilson08 Wrote:Hey, can any of you who have the "2009 Clep official study guide" book explain to me how the heck they got their answer for the second "financial Accounting" question? Here it is:
"What is the number of days' inventory on hand for a firm with cost of goods sold of $750,000 and average ending inventory of $150,000?"
Their answer is 73.
Huh?
Inventory Turnover and Days Inventory on Hand - Financial Education - Everything You Need To Know About Finance
hheellpp - jwilson08 - 09-30-2009
Thx got it.