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Your company had $16 million in sales last year. Its cost of goods sold was $11.2 million and its average inventory balance was $1,400,000. What
Your company had $16 million in sales last year. Its cost of goods sold was $11.2 million and its average inventory balance was $1,400,000. What was its average days of inventory? (Hint use a 365-day year.)
The average days of inventory was ___days(Round to two decimal places)
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