Multiple Choice
A firm reported year-end sales of $20 million. It listed $7 million of inventory on its balance sheet. Using a 365-day year, how many days did the firm's inventory stay on the premises?
A) 127.75 days
B) 157.75 days
C) 97.75 days
D) 87.75 days
Correct Answer:
Verified
Correct Answer:
Verified
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