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What the company average sale period was closest to

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Reference no: EM132557006

Question 1: Ira Company, a retailer, had cost of goods sold of $160,000 last year. The beginning inventory balance was $26,000 and the ending inventory balance was $24,000. The company's average sale period was closest to:

Select one:

a. 114.06 days

b. 54.75 days

c. 59.31 days

d. 57.03 days

Reference no: EM132557006

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