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Home Systems Has Sales of $312,800,cost of Goods Sold of $218,400,inventory

Question 36

Multiple Choice

Home Systems has sales of $312,800,cost of goods sold of $218,400,inventory of $46,300,and accounts receivable of $62,700.How many days,on average,does it take the firm to both sell its inventory and collect payment on the sale?


A) 142.10
B) 96.37
C) 178.21
D) 150.54
E) 124.03

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