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Irawaddy Company, a retailer, had cost of goods sold of $267,000 last year. The beginning inventory balance was $44,000 and the ending inventory balance was
Irawaddy Company, a retailer, had cost of goods sold of $267,000 last year. The beginning inventory balance was $44,000 and the ending inventory balance was $45,000. The company's average sale period was closest to: (Assume 365 days a year.)
60.80 days
0.02 days
6.00 days
1.66 days
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