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Qwik Stop Has Accounts Receivable of $4,830, Inventory of $9,083

Question 325

Multiple Choice

Qwik Stop has accounts receivable of $4,830, inventory of $9,083, sales of $38,600, and cost of goods sold of $21,400. How many days does it take the firm to both sell their inventory and collect the payment on the sale?


A) 186 days
B) 193 days
C) 201 days
D) 214 days
E) 217 days

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