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Bolton Company has a beginning merchandise inventory of $500 and an ending merchandise inventory of $700. It has a total sales of $6,000 and a
Bolton Company has a beginning merchandise inventory of $500 and an ending merchandise inventory of $700. It has a total sales of $6,000 and a gross profit margin of 25%. Calculate the days' sales in inventory. Select one: a. 42.59 b. 60.83 C. 40.56 d. 48.67
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