Question
Delphino's has sales for the year of $127,300 and cost of goods sold of $86,700. The firm carries an average inventory of $14,300 and has
Delphino's has sales for the year of $127,300 and cost of goods sold of $86,700. The firm carries an average inventory of $14,300 and has an average accounts payable balance of $13,600. What is the inventory period?
58.68 days
31.29 days
81.36 days
89.02 days
60.20 days
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
