Question
Corporation had an average daily cost of goods sold of $13 million, average accounts receivable of $91 million, average inventory of $104 million. What was
Corporation had an average daily cost of goods sold of $13 million, average accounts receivable of $91 million, average inventory of $104 million. What was average age of inventory for the year?
A. 8 days
B. 7 days
C. 1 day
D. 91 days
E. None of the above
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