Solved

Delta Motors Has Sales of $521,000

Question 162

Multiple Choice

Delta Motors has sales of $521,000. The cost of goods sold is equal to 63% of sales. The firm has an average inventory of $22,800. How many days on average does it take the firm to sell its
Inventory?


A) 15.97 days
B) 16.08 days
C) 17.47 days
D) 25.35 days
E) 26.14 days

Correct Answer:

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