Question: Multiple Choice: a. 36.62 days b. 30.42 days c. 28.72 days d. 42.42 days Assume a company provided the following information: 7 Gross margin percentage

Multiple Choice: a. 36.62 days b. 30.42 days c. 28.72 days

Multiple Choice:

a. 36.62 days

b. 30.42 days

c. 28.72 days

d. 42.42 days

Assume a company provided the following information: 7 Gross margin percentage Sales Inventory balance, beginning of the year Inventory balance, end of the year Net income 40% $500,000 $ 20,000 $ 30,000 $ 10,000 The average sale period is closest to

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