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Your company had $14 million in sales last year. Its cost of goods sold was $9.8 million and its average inventory balance was $1,350,000. What
Your company had
$14
million in sales last year. Its cost of goods sold was
$9.8
million and its average inventory balance was
$1,350,000.
What was its average days of inventory? (Hint: Use a 365-day year.)
Question content area bottom
Part 1
The average days of inventory was
enter your response here
days.(Round to two decimal places.)
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