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The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2019 and December 31, 2022: Accounts receivable Inventory January 1
The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2019 and December 31, 2022: Accounts receivable Inventory January 1 December 31 $126,000 $139,000 $163,000 131,000 The following information was taken from Buckeye Company's 2022 income statement: Sales revenue Cost of goods sold Salaries expense Income tax expense Net income $967,250 $429,240 $211,390 $ 97,986 $228,634 Calculate the average number of days that elapse between Buckeye Company buying their inventory from suppliers and then selling the inventory to customers
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