The following information is for Yosef Company: ...
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Accounting
The following information is for Yosef Company:
|
| 20X2 | 20X1 |
| Sales | $260,000 | $320,000 |
| Accounts Payable | 10,000 | 20,000 |
| Retained Earnings | 125,000 | 78,000 |
| Inventory | 40,000 | 50,000 |
| Accounts Receivable | 25,000 | 20,000 |
| Cost of Goods Sold | 180,000 | 200,000 |
For 20X2, compute the average number of days that elapse from the time Yosef purchases inventory until the time Yosef sells that inventory.
59.7 days
122.9 days
32.2 days
91.3 days
105.2 days
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