Business
Business, 24.02.2020 18:05, Emilyvite6251

Gibson's has sales for the year of $535,400, cost of goods sold equal to 66 percent of sales, and an average inventory of $76,200. The profit margin is 8 percent and the tax rate is 40 percent. How many days, on average, does it take the company to sell an inventory item? Assume 365 days per year.

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Gibson's has sales for the year of $535,400, cost of goods sold equal to 66 percent of sales, and an...

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