Practice: ABC Company had $200,000 in Net Sales and Gross Profit of $80,000. If Inventory had a balance of $60,000, what is the company’s average days in inventory ratio?

Subjects

Additional Practice |
---|

Ratios Cumulative Problems |

Practice: ABC Company had $200,000 in Net Sales and Gross Profit of $80,000. If Inventory had a balance of $60,000, what is the company’s average days in inventory ratio?

0 of 2 completed

Concept #1: Ratios: Average Days in Inventory

Practice #1: Average Days in Inventory

Enter your friends' email addresses to invite them:

We invited your friends!

Join **thousands** of students and gain free access to **12 hours** of Accounting videos that follow the topics **your textbook** covers.