Syed's Industries Has Accounts Receivable of $700, Inventory of $1,200

question 320

Multiple Choice

Syed's Industries has accounts receivable of $700, inventory of $1,200, sales of $4,200, and cost of goods sold of $3,400. How long does it take Syed's to both sell its inventory and then collect the payment on the sale?

• A) 128 days
• B) 146 days
• C) 163 days
• D) 190 days
• E) 211 days

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