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For the current period, a company had sales of $400,000, a gross margin of 50%, opening inventory of $40,000 and closing inventory of $60,000.
For the current period, a company had sales of $400,000, a gross margin of 50%, opening inventory of $40,000 and closing inventory of $60,000. Calculate the inventory days on hand ratio. Select one: a. 4 days O b. 365 days c. 50 days 0 d. 91 days
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