Turnbull Department Store had net credit sales of $18,000,000 and cost of goods sold of $15,000,000 for
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Turnbull Department Store had net credit sales of $18,000,000 and cost of goods sold of $15,000,000 for the year.
The average inventory for the year amounted to $2,500,000.
The average number of days in inventory during the year was:
a) 50.7 days.
b) 30 days.
c) 365 days.
d) 60.8 days.
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