Cloche's Hats had sales for the year of $638,200 and cost of goods sold equal...
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Cloche's Hats had sales for the year of $638,200 and cost of goods sold equal to 68 percent of sales. The inventory at the beginning of the year was $109,600 and the end-of-year inventory was $122,700. What was the company's inventory period? Assume 365 days in a year. Multiple Choice 103.20 days 92.18 days 97.69 days 86.00 days 89.09 days
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