Multiple Choice
Pascarelli Corporation's inventory at the end of Year 2 was $122,000 and its inventory at the end of Year 1 was $150,000.Cost of goods sold amounted to $870,000 in Year 2.The company's average sale period for Year 2 is closest to:
A) 230.1 days
B) 51.2 days
C) 57.0 days
D) 32.3 days
Correct Answer:
Verified
Correct Answer:
Verified
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