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Irawaddy Company, a retailer, had cost of goods sold of $463,500 last year. The beginning inventory balance was $51,000 and the ending inventory balance was
Irawaddy Company, a retailer, had cost of goods sold of $463,500 last year. The beginning inventory balance was $51,000 and the ending inventory balance was $52,000. The company's average sale period was closest to: (Assume 365 days a year.) |
9.00 days
0.02 days
2.49 days
40.60 days
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