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12) Mario's Home Systems has sales of  $2820, costs of goods sold of  $2160, inventory of  $504, and accounts...

12) Mario's Home Systems has sales of  $2820, costs of goods sold of  $2160, inventory of  $504, and accounts receivable of  $430. How many days, on average, does it take Mario's to sell its inventory?    12) ______

A) 55.66 days

B) 85.17 days

C) 84.00 days

D) 72.66 days

E) 65.23 days

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Answer #1

B) 85.17 days

Inventory turnover = Costs of goods sold / Inventory = $2,160 / $504 = 4.2857

Days in inventory = 365 / Inventory turnover = 365 / 4.2857 = 85.17 days

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