Problemgarnishes inc has sales for the year of 46300 and, Ask an Expert

Finance

Problem:

Garnishes, Inc. has sales for the year of $46,300 and cost of goods sold of $21,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400.

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Question: What is the inventory period? Please explain in detail and show all work.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147515

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