Question: Financial statement data at December 31 for Ecco Company are as follows: Line Item Description Amount Cost of goods sold $693,500 Inventories: Beginning of year

Financial statement data at December 31 for Ecco Company are as follows: Line Item Description Amount Cost of goods sold $693,500 Inventories: Beginning of year 220,000 End of year 120,000 Determine the days sales in inventory for the year. a. 52.6 days b. 115.8 days c. 63.2 days d. 89.5 days

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