Multiple Choice
Fricker's financial records reveal this information at 31 December 2016.
Net sales for 2016 $105 000
Cost of sales for 2016 68 000
Ending inventory 15 000
Beginning inventory 19 000
The number of days taken to turn over average inventory for 2016 is:
A) 61 days.
B) 71 days.
C) 76 days.
D) 91 days.
Correct Answer:
Verified
Correct Answer:
Verified
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