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A company has $73,500 in inventory at the beginning of the accounting period and $73,000 at the end of the accounting period. Sales revenue is
A company has $73,500 in inventory at the beginning of the accounting period and $73,000 at the end of the accounting period. Sales revenue is $1,183,500, cost of goods sold is $741,500, and net income is $145,200 for the accounting period. On average, the number of days to sell inventory is approximately: |
23 days.
184 days.
60 days.
36 days.
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