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Cloche's Hats had sales for the year of $669,200 and cost of goods sold equal to 67 percent of sales. The inventory at the beginning
Cloche's Hats had sales for the year of $669,200 and cost of goods sold equal to 67 percent of sales. The inventory at the beginning of the year was $118,600 and the end-of-year inventory was $133,700. What was the company's inventory period? Assume 365 days in a year.
102.70 days
93.62 days
90.70 days
108.84 days
96.55 days
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