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Question 21 (2 points) Fitzgerald & Company has Sales of $46.700 and Inventory of $5,600. The common-size Income Statement lists Cost of Goods Sold at

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Question 21 (2 points) Fitzgerald & Company has Sales of $46.700 and Inventory of $5,600. The common-size Income Statement lists Cost of Goods Sold at 62 percent and Depreciation Expense at 8 percent. How long on average does it take the firm to sell its Inventory? Hint: prepare an Income Statement! 70.59 days 81.63 days 8211 days 85.06 days

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