Saw Ltd's inventory at 30 June 2018 was $20 000. Sales for the year ended 30 June 2018 were $125 000 and the gross margin was 20 per cent. What was the number of days' inventory on hand?
A) 50 days
B) 64 days
C) 69.5 days
D) 73 days
Correct Answer:
Verified
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