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Your Company Sells $469,300 of Goods During the Year That

Question 116

Multiple Choice

Your company sells $469,300 of goods during the year that have a cost of $398,600.Inventory was $29,783 at the beginning of the year and $34,038 at the end of the year.
-Use the information above to answer the following question.How long on average does it take to sell something from inventory after it is purchased?


A) 12.5 days
B) 24.8 days
C) 29.2 days
D) 165.9 days

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