Pascarelll Corporation's Inventory at the end of Year 2 was $124,000 and Its Inventory at...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Pascarelll Corporation's Inventory at the end of Year 2 was $124,000 and Its Inventory at the end of Year 1 was $153,000. Cost of goods sold amounted to $885,000 In Year 2. The company's average sale perlod turnover In days) for Year 2 Is closest to: (Assume 365 days a year. Round your intermediate answers to 2 decimal places.) 507 days 63.5 days 511 days O 571 days
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!