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Carey's Department Store Had Net Sales of $20 Million and Cost

Question 49

Multiple Choice

Carey's Department Store had net sales of $20 million and cost of goods sold of $14 million for the year.The beginning inventory for the year was $3 million.The ending inventory for the year was $5 million.What was the days' inventory outstanding?


A) 73
B) 78
C) 104
D) 130

Correct Answer:

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