Middletons has sales for the year of 311400 cost of goods, Ask an Expert

Finance

Middleton's has sales for the year of $311,400, cost of goods sold equal to 74 percent of sales, and an average inventory of $42,800. The profit margin is 6 percent and the tax rate is 34 percent. How many days on average does it take the firm to sell an inventory item?

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Financial Management, Finance

Category:- Financial Management
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