Multiple Choice
Turnbull Department Store had net credit sales of $18000000 and cost of goods sold of $15000000 for the year. The average inventory for the year amounted to $2500000. The average number of days in inventory during the year was
A) 365 days.
B) 60.8 days.
C) 50.7 days.
D) 30 days.
Correct Answer:
Verified
Correct Answer:
Verified
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