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

Question 110

Multiple Choice

Kaufman's Department Store had net sales of $20 million and cost of goods sold of $14 million for the year. The average inventory for the year was $4 million. What was the average number of days in inventory?


A) 46
B) 104
C) 92
D) 52

Correct Answer:

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