Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information was obtained from the ac

The following information was obtained from the accounting records of the Freye Company for 2008:...

90.2K

Verified Solution

Question

Accounting

The following information was obtained from the accounting records of the Freye Company for 2008:

Cost of Goods Sold $3,600,000

Merchandise Inventory:

January 1 400,000

December 31 460,000

Assuming a business year consisting of 365 days, what was Freye's number of days' sales in inventories for 2008?

a. 46.6 days

b. 43.6 days

c. 40.6 days

d. 36.7 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!
Become a Member

Other questions asked by students

Q

Double fertilization occurs in OA angiosperms OB gymnosperms C psilophytes D neither gymnosperms nor angiosperms...

Biology
Q

The de broglie wavelength of electrons striking the cathode to produce x rays is equal...

Physics
Q

16 Two friends start running from the same spot The one runs in a direction...

Basic Math
Q

All changes sa 5 Which of the following statements best summarizes the SSS Similarity Postulate...

Basic Math
Q

Find the absolute extrema of the function on the closed interval minimum maximum f x...

Calculus
Q

Find and classify all the critical points of the function f x y x 2...

Calculus
Q

se the negative exponent rules to simplify Write the answer with only positive exponents 4a...

Algebra
Q

Using the income statement for Times Mirror and Glass Company, compute the following ratios:...

Accounting
Q

At December 31,2021, Blue Spruce Imports reported this information on its balance sheet. ...

Accounting
Q

ACC 201 TEXT HW CH13a EX13-1B Complete the following table by...

Accounting
Q

Wilson Leather Products sells leather clothing at both wholesale and retail. The company has found...

Accounting
Q

The balance sheet for Yakima Corporation reported the following: noncurrent assets, $180,000; total assets, $440,000;...

Accounting