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Smith Company Presents the Following Data for 2012 The Number of Days' Sales in Inventory Is:
A)65

question 46

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Smith Company presents the following data for 2012. Inventories, beginning of year$310,150Inventories, end of year340,469Cost of Goods Sold2,103,696Net Sales8,690,150\begin{array} { l } \text {Inventories, beginning of year}&\$310,150 \\\text {Inventories, end of year}&340,469 \\\text {Cost of Goods Sold}&2,103,696\\\text {Net Sales}&8,690,150\\\end{array} The number of days' sales in inventory is:


Definitions:

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