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Irawaddy Company, a retailer, had cost of goods sold of $735,000 last year. The beginning inventory balance was $48,000 and the ending inventory balance was

Irawaddy Company, a retailer, had cost of goods sold of $735,000 last year. The beginning inventory balance was $48,000 and the ending inventory balance was $50,000. The company's average sale period was closest to: (Assume 365 days a year.)

24.30 days

0.04 days

15.00 days

4.20 days

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