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

question 111

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 $2,500,000. The average days in inventory during the year was approximately

• A) 260 days.
• B) 120 days.
• C) 99 days.
• D) 70 days.

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