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A firm has sales of $1,015,000. The cost of goods sold is equal to 62 percent of sales. The firm has an average inventory of
A firm has sales of $1,015,000. The cost of goods sold is equal to 62 percent of sales. The firm has an average inventory of $205,000. How many days on average does it take the firm to sell its inventory?
| 125.30 days | ||
| 109.42 days | ||
| 118.90 days | ||
| 95.68 days | ||
| 87.63 days |
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