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Bob Gibson's sales for the year is RM311,400, cost of goods sold equal to 78 percent of sales, and an average inventory of RM42,800. The

Bob Gibson's sales for the year is RM311,400, cost of goods sold equal to 78 percent

of sales, and an average inventory of RM42,800. The profit margin is 6 percent and

the tax rate is 35 percent. How many days on average does it take the firm to sell an

inventory item?

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