Question: 14. i need help with this problem for my corporate finace class. It would be much appriected if you can show me how you got
Your company had $13 million in sales last year. Its cost of goods sold was $9.1 million and its average inventory balance was $1,200,000. 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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