Multiple Choice
Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear.Its cost of goods sold for Year 2 was $295,000,and sales were $690,000.The amount of merchandise on hand was $50,000,and total assets amounted to $585,000.What is the average number of days to sell inventory? (Round to the nearest day. )
A) 26 days
B) 62 days
C) 31 days
D) 40 days
Correct Answer:
Verified
Correct Answer:
Verified
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