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Gibson's has sales for the year of $541,400, cost of goods sold equal to 78 percent of sales, and an average inventory of $79,800. The

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Gibson's has sales for the year of $541,400, cost of goods sold equal to 78 percent of sales, and an average inventory of $79,800. The profit margin is 8 petcent and the tax rate is 40 percent. How many days, on overage, does it take the company to sell an inventory item? Assume 365 doys per yeat

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