Based on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year.
A) (1) 14.33 times
(2) $589.04
(3) 24.5 days
B) (1) 23.88 times
(2) $589.04
(3) 15.3 days
C) (1) 13.43 times
(2) $597.22
(3) 26.8 days
D) (1) 14.33 times
(2) $597.22
(3) 25.1 days
Correct Answer:
Verified
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