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61 Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total
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Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2021 $ 80,000 84,000 400,000 254,000 850,000 500,000 75,000 2020 $ 72,000 70,000 372,000 216,000 810,000 450,000 56,000 TPX Company's 2021 average days in inventory is: (Round all calculations to 1 decimal place.) Multiple Choice 0 0 0 110.6 days. 0 70.2 daysStep by Step Solution
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