- Gibson S Has Sales For The Year Of 534 900 Cost Of Goods Sold Equal To 65 Percent Of Sales And An Average Inventory O 1 (54.19 KiB) Viewed 42 times
Gibson's has sales for the year of $534,900, cost of goods sold equal to 65 percent of sales, and an average inventory o
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Gibson's has sales for the year of $534,900, cost of goods sold equal to 65 percent of sales, and an average inventory o
Gibson's has sales for the year of $534,900, cost of goods sold equal to 65 percent of sales, and an average inventory of $75,900. The profit margin is 7 percent and the tax rate is 21 percent. How many days, on average, does it take the company to sell an inventory item? Assume 365 days per year. Multiple Choice O 51.79 days 55.78 days 79.68 days 73.04 days 85.37 days