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Homework answers / question archive / A business had credit sales of $5,430,000 and cost of goods sold of $3,431,000 during the current year

A business had credit sales of $5,430,000 and cost of goods sold of $3,431,000 during the current year

Accounting

A business had credit sales of $5,430,000 and cost of goods sold of $3,431,000 during the current year. At the start of the year, the outstanding merchandise balance was $425,000, which decreased to $423,000 by year end. Based on the information above, calculate the Days in inventory to the nearest day: 

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