Carey's Department Store Had Net Sales of $20 Million and Cost

question 50

Multiple Choice

Carey's Department Store had net sales of $20 million and cost of goods sold of $16 million for the year.The beginning inventory for the year was $3 million.The ending inventory for the year was $5 million.What was the days' inventory outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day. )

• A)23 days
• B)122 days
• C)91 days
• D)73 days

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