Chodron Corporation Had Net Credit Sales of $13,000,000 and Cost

question 133

Multiple Choice

Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $1,250,000. The average days in inventory during the year was approximately

• A) 261 days.
• B) 122 days.
• C) 49 days.
• D) 35 days.

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Definitions:

Output Tag

A label or identifier assigned to a specific output signal in a control system, helping in programming and troubleshooting.

Output Instructions

Commands within a program that direct a computer or device to produce or display the desired data or results, often to an output device like a screen or printer.