Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

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

user-image
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