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A firm has sales of $46,700 and inventory of $5,600. The common-size income statement lists cost of goods sold at 62 percent and depreciation at

A firm has sales of $46,700 and inventory of $5,600. The common-size income statement lists cost of goods sold at 62 percent and depreciation at 8 percent. How long on average does it take the firm to sell its inventory? Question 10 options: i) 82.11 days ii) 70.59 days iii) 81.63 days iv) 85.06 days

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