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Your company had $11.2 million in sales last year. Its cost of goods sold was $6.7 million and its average inventory balance was $1,300,000. What
Your company had $11.2 million in sales last year. Its cost of goods sold was $6.7 million and its average inventory balance was $1,300,000. What was its average days of inventory? (Hint: Use a 365-day year.)
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