Multiple Choice
The following information was available for Hoover Company at December 31, 2014: beginning inventory $110,000; ending inventory $70,000; cost of goods sold $880,000; and sales $1,200,000. Hoover's days in inventory in 2014 was
A) 27.4 days.
B) 37.2 days.
C) 29.0 days.
D) 45.6 days.
Correct Answer:
Verified
Correct Answer:
Verified
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