The Centerton Veterinarian Company starts the year with inventory costing $360,000 and ends the year...

50.1K

Verified Solution

Question

Accounting

The Centerton Veterinarian Company starts the year with inventory costing $360,000 and ends the year with inventory costing $400,000. During the period, purchases amounted to $1,380,500. What was the average number of days required to sell an item of the company's inventory?
89.9 days
103.5 days
38.0 days m2
140.8 days
image

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