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Financial Forensics · End Term · 1 Sept 2024 · May 2024 term · Set QDB3

Question 18: Info Systems Inc. has sales of ₹ 2,820, costs of goods s…

Question 18

+1 markOne correct option

Info Systems Inc. has sales 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 Info Systems Inc. to sell its inventory?

  1. A

    85.17 days

  2. B

    65.23 days

  3. C

    84.00 days

  4. D

    55.66 days

Show answer

Correct answer

  • A

    85.17 days

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Question 18 of 41 in the IIT Madras BS Financial Forensics (Financial Forensics) End Term paper sat on 1 Sept 2024, in the May 2024 term (IIT M DEGREE AN EXAM QDB3 01 Sep 2024). It carries 1 mark.

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