- Gibson S Has Sales For The Year Of 543 900 Cost Of Goods Sold Equal To 83 Percent Of Sales And An Average Inventory O 1 (35.7 KiB) Viewed 35 times
Gibson's has sales for the year of $543,900, cost of goods sold equal to 83 percent of sales, and an average inventory o
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Gibson's has sales for the year of $543,900, cost of goods sold equal to 83 percent of sales, and an average inventory o
Gibson's has sales for the year of $543,900, cost of goods sold equal to 83 percent of sales, and an average inventory of $81,300. The profit margin is 9 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 65.73 days 70.43 days 59.16 days 60.26 days