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Number of days in the year 360 inventory turnover ratio is 45

number of days sales in inventory will be 

A-8

B-9

C-4

D-5

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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/03/13
lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

A-8 days no.of sales in inventory

Anas  Dawah
by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

Days sales in inventory=360 /45 =8

Khurrum Iqbal
by Khurrum Iqbal , Accountant , Akun Logistic Services

A. It takes average8 days in a year for an inventory to be sold.   

Ibraheem Abdul Qader
by Ibraheem Abdul Qader , Financial Advisor , Experts Group

A.8 (365/45) I agree with answer

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option  A  >>>>>>>>>>>>>>>>>> 8

ayman shawky
by ayman shawky , Finance Manager , British Council

Number in days will be8 (360/45)=8

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

agree with the answer "A-8 days"

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

AN >>>>>>>>>>>>>>>>>>>>A-8

Ani Kuriakose
by Ani Kuriakose , Managing Partner – SCM , A. A. Associates

Inventory Turnover =45

as such avarage Inventory would be approx worth (A)8 days of COGS

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , Warehouse Supervisor , AL MUTLAQ FURNITURE MFG

Well answered by all experts

Hani ALQUDAH
by Hani ALQUDAH , Collections Executive , Social Security Corporation

360/45=8 sales in inventory outstanding days