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Circuit Corporation has sales for the year of $185,000 and cost of goods sold of $118,400. The firm carries an average inventory of $17,350 and

Circuit Corporation has sales for the year of $185,000 and cost of goods sold of $118,400. The firm carries an average inventory of $17,350 and has an average accounts payable balance of $15,900. What is the inventory period?

34.23 days

49.02 days

51.25 days

53.49 days

58.68 days

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