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A Company Has $72,500 in Inventory at the Beginning of the Accounting

Question 40

Multiple Choice

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 $986,400,cost of goods sold is $572,700,and net income is $124,200 for the accounting period.On average,this company has inventory on hand for approximately:


A) 203 days.
B) 44 days.
C) 61 days.
D) 26 days.

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