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A company has $70,500 in inventory at the beginning of the accounting period and $63,500 at the end of the accounting period. Sales revenue is
A company has $70,500 in inventory at the beginning of the accounting period and $63,500 at the end of the accounting period. Sales revenue is $991,500, cost of goods sold is $597,500, and net income is $127,200 for the accounting period. On average, the number of days to sell inventory is approximately: |
41 days.
62 days.
25 days.
192 days.
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