Multiple Choice
The following information was available for Hoover Company at December 31, 2011: beginning inventory $110,000; ending inventory $70,000; cost of goods sold $660,000; and sales $900,000.Hoover's days in inventory in 2011 was
A) 36.5 days.
B) 50.0 days.
C) 38.8 days.
D) 60.8 days.
Correct Answer:
Verified
Correct Answer:
Verified
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