A firm has sales of $710,000. The cost of goods sold is equal to 57 percent of
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A firm has sales of $710,000. The cost of goods sold is equal to 57 percent of sales. The firm has an average inventory of $23,940. How many days on average does it take the firm to sell its inventory? a. 12.31 days b. 16.90 days c. 15.29 days d. 21.59 days e. 10.77 days |
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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