A business had the following information in its acounts for the year:                                                      Net  Sales 78360  Cost of goods sold 53310  Gross profit 22050  Inventory at beginning of the year 8660  Inventory at end of year 9500                             what was the average days to sell inventory for the year?  5.87 8.75 41.7 41.9 62.2

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A business had the following information in its acounts for the year:                                                      Net 

Sales 78360 

Cost of goods sold 53310 

Gross profit 22050 

Inventory at beginning of the year 8660 

Inventory at end of year 9500                             what was the average days to sell inventory for the year?

 5.87

8.75

41.7

41.9

62.2

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