Multiple Choice
Carey's Department Store had net sales of $20 million and cost of goods sold of $13 million for the year. The beginning inventory for the year was $4 million. The ending inventory for the year was $6 million. What was the days' inventory outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.)
A) 28 days
B) 91 days
C) 140 days
D) 61 days
Correct Answer:

Verified
Correct Answer:
Verified
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