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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
Interest
Interest is the cost of using someone else's money or the income earned from lending money, calculated as a percentage of the principal amount.
Grows
an increase in size, number, value, or strength.
Investment
Allocating financial resources with the aim of generating revenue or gains.
Interest
A charge for borrowed money, generally a percentage of the amount borrowed.
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