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Stoney Brooke, Incorporated, has sales of $970,000 and cost of goods sold of $661,200. The...

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Finance

Stoney Brooke, Incorporated, has sales of $970,000 and cost of goods sold of $661,200. The firm had a beginning inventory of $36,000 and an ending inventory of $51,000. What is the length of the inventory period? Assume 365 days per year. Multiple Choice 19.60 days 16.37 days 19.87 days 23.68 days 24.01 days

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