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Johns Deli has cash of $100, accounts recievable of $50, inventory of $150 and no other current assets at the end of the year. Its
Johns Deli has cash of $100, accounts recievable of $50, inventory of $150 and no other current assets at the end of the year. Its cost of goods sold is $3,000. Which of the following is correct?
A. the company sells its entire inventory every 36.5 days
b. the firms sells its entire inventory every 18.25 days
c. the firms stocks its inventory only once every 10 days
d. the company sells its entire inventory an average of 10 times each year
e. the company sells its entire inventory an average of 18.25 times each year
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