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Galaxy Sales Has Sales of $938,300, Cost of Goods Sold

Question 52

Multiple Choice

Galaxy Sales has sales of $938,300, cost of goods sold of $764,500, and inventory of $123,600.How long on average does it take the firm to sell its inventory?


A) 6.40 days
B) 7.23 days
C) 48.68 days
D) 59.01 days
E) 61.10 days

Correct Answer:

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