Mario’s Home System has sale of $2,820, costs of goods sold of $2,160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario’s to sell its inventory? a. 88.00 days b. 72.66 days c. 65.23 days d. 85.17 days e. 55.66 days

Mario’s Home System has sale of $2,820, costs of goods sold of $2,160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario’s to sell its inventory? a. 88.00 days b. 72.66 days c. 65.23 days d. 85.17 days e. 55.66 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 5P: A chain of appliance stores, APP Corporation, purchases inventory with a net price of 500,000 each...

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Question

Mario’s Home System has sale of $2,820, costs of goods sold of $2,160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario’s to sell its inventory?

a. 88.00 days

b. 72.66 days

c. 65.23 days

d. 85.17 days

e. 55.66 days

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