Business, 02.08.2021 21:50 JamesLachoneus

Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are on credit. Year 1 Year 2
Accounts receivable $150,000 $170,000
Inventory 900,000 1,000,000
Accounts payable 1,100,000 1,200,000

Days in inventory at the end of Year 2 is closest to:

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Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 2...

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