Multiple Choice
BL Industries has ending inventory of $302,800, annual sales of $2.33 million, and annual cost of goods sold of $1.41 million. On average, how long did a unit of inventory sit on the shelf before it was sold?
A) 47.43 days
B) 22.18 days
C) 78.38 days
D) 61.78 days
E) 83.13 days
Correct Answer:
Verified
Correct Answer:
Verified
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