Irawaddy Company,a retailer,had cost of goods sold of $230,000 last year.The beginning inventory balance was $24,000 and the ending inventory balance was $22,000.The company's average sale period (turnover in days) was closest to:
A) 34.91 days.
B) 36.50 days.
C) 38.09 days.
D) 73.00 days.
Correct Answer:
Verified
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