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.
Correct Answer:
Verified
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