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What the company average sale period was closest to

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Problem 1: Henni Company, a retailer, had cost of goods sold of $135,000 last year. The beginning inventory balance was $28,000 and the ending inventory balance was $26,000. The company's average sale period (turnover in days) was closest to:

Option 1: 115 days.
Option 2: 73 days.
Option 3: 55 days.
Option 4: 60 days.

Reference no: EM132969572

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