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 $2,500,000. The average days in inventory during the year was approximately
A) 115 days.
B) 130 days.
C) 139 days.
D) 174 days.
Correct Answer:
Verified
Correct Answer:
Verified
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