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On January 1, your firm's beginning inventory was $2,000,000. During the year, the firm purchased $8,200,000 of additional inventory, and on December 31, its ending
On January 1, your firm's beginning inventory was $2,000,000. During the year, the firm purchased $8,200,000 of additional inventory, and on December 31, its ending inventory was $1,300,000. What was your firm's days inventory held for the year? A. 89 days B. 365 days C. 57 days D. Not possible to estimate days inventory held. E. 67 days
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