What is the inventory period

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Wage Garnishers, Inc. has sales for the year of $50,300 and cost of goods sold of $23,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400. What is the inventory period?

12.39 days
18.68 days
31.29 days
73.92 days
81.36 days

 

Reference no: EM13265278

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