Short Answer
The following information was available for Hoover Company at December 31, 2010: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $660,000; and sales $900,000. Hoover's days in inventory in 2010 was
A 38.8 days.
B) 44.0 days.
C) 50.0 days.
D) 60.8 days.
Correct Answer:
Verified
Correct Answer:
Verified
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