Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. clayton ltds average inventory in the year ended 3

Clayton Ltds average inventory in the year ended 30 June 2022 was $12 000. Sales...

90.2K

Verified Solution

Question

Accounting

Clayton Ltds average inventory in the year ended 30 June 2022 was $12 000. Sales for the same year were $100 000, and the gross profit margin was 25 per cent. What was the number of days inventory was on hand? (keep one digit after the decimal)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are the requirements to establish a quasi-contract?What are the requirements to establish a...

Accounting
Q

Immune responses working to protect the host need to be carefully regulated, since overt immune function...

Biology
Q

From the Fe2+ concentrations given determine the mg of Fe in the original vitamin tablet. You...

Chemistry
Q

Mr. and Mrs. Compton paid $9,280 of medical expenses that were not reimbursed by their private...

Accounting
Q

What do prokaryotes and eukaryotes have in common in terms of gene regulation A Both...

Biology
Q

A flexible conducting loop is in the shape of a circle with radius r The...

Physics
Q

4 List the domain and the range of the graph of each function a 4...

Basic Math
Q

0 A survey asks 1500 workers Has the economy forced you to reduce the amount...

Basic Math
Q

etermine two coterminal angles in radian measure one positive and one negative for each angle...

Calculus
Q

how is the portion of the year configured

Accounting
Q

When comparing financial performance with industry, all of the following are considered limitations except: A....

Accounting
Q

I need help for this please. Data table Data table

Accounting