Pascarelli Corporation's inventory at the end of Year 2 was $140,000 and its inventory at...
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Accounting
Pascarelli Corporation's inventory at the end of Year 2 was $140,000 and its inventory at the end of Year 1 was $170,000. Cost of goods sold amounted to $960,000 in Year 2. The company's average sale period (turnover in days) for Year 2 is closest to: (Assume 365 days a year. Round your intermediate answers to 2 decimal places.) 52.8 days 53.2 days 59.0 days 65.2 days
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