Irally Company, a retailer, had cost of goods sold of $150,000 last year. inventory balance was $26,000 and the ending inventory balance was $24,000. was closest to:
A) 121.67 days.
B) 63.27 days.
C) 58.40 days.
D) 60.83 days.
Correct Answer:
Verified
Q11: Reference: 13-02
Financial statements for Larned Company
Q12: Reference: 13-07
Financial statements for Orantes Company
Q13: Reference: 13-13
Marcial Company
Balance Sheet
December 31, 20X6
Q14: Reference: 13-02
Financial statements for Larned Company
Q15: Reference: 13-07
Financial statements for Orantes Company
Q17: Reference: 13-02
Financial statements for Larned Company
Q18: Reference: 13-02
Financial statements for Larned Company
Q19: Reference: 13-02
Financial statements for Larned Company
Q20: Reference: 13-02
Financial statements for Larned Company
Q21: Reference: 13-02
Financial statements for Larned Company
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