Number of days sales in inventory
Smith Company presents the following data for 2006.
Inventories, beginning of year: $310,150 Inventories, end of year: $340,469 Cost of goods sold: $2,103,696 Net sales: $8,690,150
The number of days' sales in inventory is?
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Smith Company presents the given data for 2006. The number of days' sales in the inventory is?
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