A company has $72,500 in inventory at the beginning of the accounting period and $65,500...
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Accounting
A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period. Sales revenue is $1,055,500, cost of goods sold is $645,500, and net income is $133,200 for the accounting period. On average, the number of days to sell inventory is approximately:
189 days.
61 days.
39 days.
24 days.
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