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Intertek Group has sales of $860,000. The cost of goods sold is equal to 70 percent of sales. The company has an average inventory of
Intertek Group has sales of $860,000. The cost of goods sold is equal to 70 percent of sales. The company has an average inventory of $116,000. How many days on average does it take the company to sell its inventory?
70.33 days | ||
73.48 days | ||
77.58 days | ||
65.28 days | ||
80.56 days |
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