Gilbert and Sons has sales for the year of $24 800 and cost of goods sold of $14 200.The firm carries an average inventory of $3100 and an average accounts payable balance of $2400.What is the inventory period?
A) 80 days
B) 85 days
C) 75 days
D) 78 days
E) 83 days
Correct Answer:
Verified
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