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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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
