Handy Hardware Sells Its Inventory in 85 Days, on Average

question 73

Multiple Choice

Handy Hardware sells its inventory in 85 days, on average. Costs of goods sold for the year are $631,800. What is the average value of the firm's inventory?

• A) $114,706
• B) $123,506
• C) $147,132
• D) $161,096
• E) $182,513