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If Sales Are $850,000, the Cost of Sales Is $500,000

Question 45

Multiple Choice

If sales are $850,000, the cost of sales is $500,000 and average inventory is $55,000, the average time taken to sell inventory in days is:

A) 40.15 days.
B) 33 days.
C) 23.6 days.
D) 11 days.

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