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Syed's Industries Has Accounts Receivable of $700, Inventory of $1,200

Question 320

Multiple Choice

Syed's Industries has accounts receivable of $700, inventory of $1,200, sales of $4,200, and cost of goods sold of $3,400. How long does it take Syed's to both sell its inventory and then collect the payment on the sale?


A) 128 days
B) 146 days
C) 163 days
D) 190 days
E) 211 days

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