Blackberry, Inc. had sales for the past year of $38,250 and cost of goods sold of $21,038. In addition, the statement of financial position accounts was as shown in the table below. Blackberry uses average account values and a 365-day year where applicable in all of its computations.
What is the inventory period for Blackberry, Inc.?
A) 23.55 days
B) 23.86 days
C) 35.44 days
D) 42.44 days
E) 42.94 days
Correct Answer:
Verified
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