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5. B&B of Colleyville, Texas disclosed the following information in its recent annual report: Cost of goods sold Beginning inventory Ending inventory Year 1
5. B&B of Colleyville, Texas disclosed the following information in its recent annual report: Cost of goods sold Beginning inventory Ending inventory Year 1 $16,000,000 $25,000,000 Year 2 2,000,000 4,000,000 4,000,000 4,100,000 What is the company's inventory-on-hand period for Year 2? A. 59.93 days B. 62.52 days C. 75.52 days D. 93.52 days
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