Irawaddy Company, a retailer, had cost of goods sold of $552,500 last year. The beginning...

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Accounting

Irawaddy Company, a retailer, had cost of goods sold of $552,500 last year. The beginning inventory balance was $42,000 and the ending inventory balance was $43,000. The company's average sale period was closest to: (Assume 365 days a year.)

13.00 days

0.04 days

3.60 days

28.10 days

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