From the data below, what is the average number of days to sell inventory? ...
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Accounting
From the data below, what is the average number of days to sell inventory?
| Current assets | 150,000 |
| Total liabilities | 300,000 |
| Beginning inventory | 38,000 |
| Net sales | 126,000 |
| Cost of goods sold | 84,000 |
| Ending inventory | 46,000 |
| A. | 165.9 |
| B. | 202.7 |
| C. | 182.5 |
| D. | 121.7 |
Explain your answer and show the formula used.
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