Multiple Choice
Savory Thymes, Inc. had net credit sales of $9,000,000 and cost of goods sold of $5,250,000 for the year. The average inventory for the year amounted to $1,250,000. The average days in inventory during the year was approximately
A) 51 days.
B) 65 days.
C) 70 days.
D) 87 days.
Correct Answer:
Verified
Correct Answer:
Verified
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