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Question - The following information was available for Hoover Company at December 31, 2017: beginning inventory $110,000; ending inventory $70,000; cost of goods sold $1,100,000; and sales $1,600,000. Determine the Hoover's days in inventory in 2017?
a. 29.9 days.
b. 36.5 days.
c. 20.5 days.
d. 23.2 days.
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