Delphino's Has Sales for the Year of $127,300 and Cost

question 85

Multiple Choice

Delphino's has sales for the year of $127,300 and cost of goods sold of $86,700.The firm carries an average inventory of $14,300 and has an average accounts payable balance of $13,600.What is the inventory period?

• A)89.02 days
• B)58.68 days
• C)31.29 days
• D)60.20 days
• E)81.36 days