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Frosty's Frozen Food Inc.'s inventory balance is $1.22 million. Frosty's Cost of Good's Sold is $30.4...

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Finance

Frosty's Frozen Food Inc.'s inventory balance is $1.22 million.Frosty's Cost of Good's Sold is $30.4 million. It's days inventoryheld period is

  • 12 days.
  • 24.92 days.
  • 14.65 days.
  • 299.2 days.

Answer & Explanation Solved by verified expert
3.8 Ratings (437 Votes)
The inventory turnover is calculated first to solve thequestionFormula for computing inventory turnover    See Answer
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Transcribed Image Text

Frosty's Frozen Food Inc.'s inventory balance is $1.22 million.Frosty's Cost of Good's Sold is $30.4 million. It's days inventoryheld period is12 days.24.92 days.14.65 days.299.2 days.

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