Multiple Choice
A company has sales of $2,458,422,a gross profit ratio of 23%,a days' sales in inventory ratio of 12.4,and total current assets of $539,600.What is the ending inventory for the year?
A) $46,013
B) $58,000
C) $64,310
D) $61,715
E) $55,951
Correct Answer:
Verified
Correct Answer:
Verified
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