Delphino's has sales for the year of $127,300 and cost of goods sold of $86,700.The firm carries an average inventory of $14,300 and has an average accounts payable balance of $13,600.What is the inventory period?
A) 89.02 days
B) 58.68 days
C) 31.29 days
D) 60.20 days
E) 81.36 days
Correct Answer:
Verified
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