Multiple Choice
A company has sales of $5,417,000,a gross profit ratio of 35%,ending merchandise inventory of $201,425,and total current assets of $1,539,600.What is the days sales' in inventory ratio for the year?
A) 6.10
B) 20.88
C) 26.15
D) 22.67
E) 15.77
Correct Answer:
Verified
Correct Answer:
Verified
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