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TB MC Qu. 13-27 (Static) The following balance sheet information is... The following balance sheet information is provided for Patton Company: Assets Year 2 Year
TB MC Qu. 13-27 (Static) The following balance sheet information is... The following balance sheet information is provided for Patton Company: Assets Year 2 Year 1 Cash $ 4,000 $ 2,000 Accounts receivable 15,000 12,000 Inventory $ 35,000 $ 38,000 Assuming Year 2 cost of goods sold is $730,000, what is the company's average days to sell inventory? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice 17.5 daysIncorrect 18.25 days 19 days 20.86 days
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