Multiple Choice
Delta Motors has sales of $521,000. The cost of goods sold is equal to 63% of sales. The firm has an average inventory of $22,800. How many days on average does it take the firm to sell its inventory?
A) 15.97 days
B) 16.08 days
C) 17.47 days
D) 25.35 days
E) 26.14 days
Correct Answer:
Verified
Correct Answer:
Verified
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