North Side Wholesalers has sales of $948,000.The cost of goods sold is equal to 68 percent of sales.The firm has an average inventory of $23,000.How many days on average does it take the firm to sell its inventory?
A) 12.30 days
B) 13.02 days
C) 16.48 days
D) 26.35 days
E) 29.68 days
Correct Answer:
Verified
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