The year-end financial statements of Collette Inc. reported the following information (in thousands):   Year 2 Year 1 Cost of sales $1,441,527 $1,453,051 Inventories, net 585,764 546,745 LIFO reserve 4,345 4,094 The year 2 average days inventory outstanding is what?

Cornerstones of Financial Accounting
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Chapter6: Cost Of Goods Sold And Inventory
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Problem 27CE: Inventory Analysis Singleton Inc. reported the following information for the current year: Required:...
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The year-end financial statements of Collette Inc. reported the following information (in thousands):

  Year 2 Year 1
Cost of sales $1,441,527 $1,453,051
Inventories, net 585,764 546,745
LIFO reserve 4,345 4,094

The year 2 average days inventory outstanding is what?

 

 

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