Multiple Choice
Use the following information for questions
The Home Furnishings Store had net credit sales of $7,500,000 and cost of goods sold of $4,500,000 for the year. The average inventory for the year amounted to $1,500,000.
-The days sales in inventory during the year was
A) 73 days.
B) 49 days.
C) 122 days.
D) 219 days.
Correct Answer:
Verified
Correct Answer:
Verified
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