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A7X Corporation has ending inventory of $722,073 and cost of goods sold for the year just ended was $5,765,312. At the end of the year,
A7X Corporation has ending inventory of $722,073 and cost of goods sold for the year just ended was $5,765,312. At the end of the year, the account payable balance was $1,078,870. 8. How long on average did a unit of inventory sit on the shelf before it was sold? 9. How long on average did it take the company to pay off its suppliers during the year
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