# 1.7 question sample assesment 1

erykfrechowicz88
AAT Student, AATQB Posts:

**7**
I have a problem with 1.7 question

I am trying to calculate inventory holding period but not sure how to calculate inventory. I want to use formula for Inventory turnover : Inventory/Cost of Sales x 365 days . Cost of Sales = 861858 and my answer is 49.265729 based on average inventory so 50 days but correct answer should be 49 according to AAT. I am confused.

I am trying to calculate inventory holding period but not sure how to calculate inventory. I want to use formula for Inventory turnover : Inventory/Cost of Sales x 365 days . Cost of Sales = 861858 and my answer is 49.265729 based on average inventory so 50 days but correct answer should be 49 according to AAT. I am confused.

## Comments

10It's asking for the answer to the nearest whole day so 49.26 needs to be rounded down to 49.

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