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Henni Company, a retailer, had cost of goods sold of $135,000 last year. The beginning inventory balance was $28,000 and the ending inventory balance was
Henni Company, a retailer, had cost of goods sold of $135,000 last year. The beginning inventory balance was $28,000 and the ending inventory balance was $26,000. The company's average sale period (turnover in days) was closest to: 115 days. 60 days. 73 days. 55 days
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