StrongSupplements.com, an online food supplement retailer, reported its financials for the 2020 fiscal year as...

70.2K

Verified Solution

Question

Accounting

StrongSupplements.com, an online food supplement retailer, reported its financials for the 2020 fiscal year as follows:

Beginning Ending
Revenue 95.000
Cost of Goods Sold 80.000
Accounts Receivable 4.000 5.000
Inventory 3.500 7.500
Accounts Payable 7.750 5.250

How many days does it take on average for StrongSupplements.com to turn its initial cash investment in inventory back into cash?

Hint: The correct answer includes 2 decimals, e.g., 2.55. Rounding errors will be tolerated, e.g., 2.55 0.01.

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