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Irastan Company, a retailer, had cost of goods sold of $380,000 last year. The beginning inventory balance was $80,000 and the ending inventory balance was
Irastan Company, a retailer, had cost of goods sold of $380,000 last year. The beginning inventory balance was $80,000 and the ending inventory balance was $72,000. The company's average sale period was closest to: (Assume 365 days a year.)
73.00 days | |
76.84 days | |
146.00 days | |
69.13 days |
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