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A Company Has Inventory at Cost of $ 176,255 in Its

Question 14

Multiple Choice

A company has inventory at cost of $ 176,255 in its balance sheet on 31 March 20X4. The inventory level at this date is 20% higher than it was at the beginning of the year. Cost of sales for the year ending 31 March 20X4 was $ 1,396,400. What is the inventory turnover in days?


A) 33.8 days
B) 37.9 days
C) 41.5 days
D) 42.2 days

Correct Answer:

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