Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $1,250,000. The average days in inventory during the year was approximately
A) 261 days.
B) 122 days.
C) 49 days.
D) 35 days.

Question

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The Answer of Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $1,250,000. The average days in inventory during the year was approximately
A) 261 days.
B) 122 days.
C) 49 days.
D) 35 days.

Chodron Corporation Had Net Credit Sales of $13,000,000 and Cost