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Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Financial accounting
![Al's Sport Store has sales of $897,400, costs of goods
sold of $528,300, inventory of $208,400, and accounts
receivable of $74,100. How many days, on average,
does it take the firm to sell its inventory assuming that
all sales are on credit?](https://content.bartleby.com/qna-images/question/ffc3cc03-0a66-46cc-9cbe-aaf00d7ca03e/58eb6ac0-9d58-42a6-abf7-e474faf8c657/eqf4qlv_thumbnail.jpeg)
Transcribed Image Text:Al's Sport Store has sales of $897,400, costs of goods
sold of $528,300, inventory of $208,400, and accounts
receivable of $74,100. How many days, on average,
does it take the firm to sell its inventory assuming that
all sales are on credit?
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