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A retailer had a beginning merchandise inventory of $20,000, an ending merchandise inventory of $30,000,...

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Question

Accounting

A retailer had a beginning merchandise inventory of $20,000, an ending merchandise inventory of $30,000, sales of $450,000, and a cost of goods sold of $250,000. The retailers daily sales in inventory was:

Select one:

a.

48.9 days

b.

36.5 days

c.

43.8 days

d.

29.2 days

e.

31.5 days

Answer & Explanation Solved by verified expert
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