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A company has $71,500 in inventory at the beginning of the accounting period and $64,500 at the end of the accounting period. Sales revenue is
A company has $71,500 in inventory at the beginning of the accounting period and $64,500 at the end of the accounting period. Sales revenue is $1,023,500, cost of goods sold is $621,500, and net income is $130,200 for the accounting period. On average, the number of days to sell inventory is approximately: |
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