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Al's Sporting Goods and Wholesale Toilet Manufacturing Co. had 2016 sales of $897,000 and cost of goods sold of $208,400. Year-end Accounts Receivable were $74,100.
Al's Sporting Goods and Wholesale Toilet Manufacturing Co. had 2016 sales of $897,000 and cost of goods sold of $208,400. Year-end Accounts Receivable were $74,100. How many days on average in 2016 did it take the firm to turn over its inventory?
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