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A retailer had a beginning merchandise inventory of $45,000, an ending merchandise inventory of $55,000,...

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Accounting

A retailer had a beginning merchandise inventory of $45,000, an ending merchandise inventory of $55,000, sales of $550,000, and a cost of goods sold of $400,000. The retailers daily sales in inventory was:

Select one:

a.

41.1 days

b.

48.5 days

c.

37.9 days

d.

45.6 days

e.

50.2 days

Clear my choice

Answer & Explanation Solved by verified expert
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