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Gibson's has sales for the year of $541,900 cogs equal to 79 percent of sales, and an average inventory of $80,100. The profit margin is
Gibson's has sales for the year of $541,900 cogs equal to 79 percent of sales, and an average inventory of $80,100. The profit margin is 9 percent and the tax rate is 35 percent , how many days on average , does it take the company to sell an inventory item? Assume 365 days per year
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