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Your company sells $469,300 of goods during the year that have a cost of $398,600.Inventory was $29,783 at the beginning of the year and $34,038 at the end of the year.
-Use the information above to answer the following question.How long on average does it take to sell something from inventory after it is purchased?
Investing Activities
Deals that include buying and selling assets with long-term value and investments outside of cash equivalents.
Operating Activities
Business actions related directly to the production and delivery of goods and services, reflected in the cash flow statement.
Investing Activities
Transactions and events that involve the purchase or sale of long-term assets and investments, a component of a company’s cash flow statement.
Financing Activities
Actions that result in changes in the size and composition of the equity capital or borrowings of a company.
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