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question 106

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Use the following information for questions
Nelly Inc.reported credit sales of $24,000,000 and cost of goods sold of $18,000,000 for the year.The average inventory for the year was $6,000,000.
-The days in inventory during the year was


Definitions:

State Theory

A concept in political science and sociology that analyzes the role and functions of the state in society.

Competitive Elections

Elections characterized by a transparent, fair process where multiple political entities have a genuine opportunity to obtain power.

Representative

Someone who is elected or appointed to act or speak for others.

Democratic

Relating to or supporting democracy, a system of government in which power is vested in the hands of the people, either directly or through elected representatives.

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