What is the average days sales in inventory, Accounting Basics

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What is the average days sales in inventory

Problem

Selected information from the accounting records of Dalton Company is as follows:

Net sales $1,800,000
COGS 1,200,000
Inventory at January 1 336,000
Inventory at December 31 288,000

Assuming a 365-day year, what is the average days sales in inventory for the year ending December 31?

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Accounting Basics: What is the average days sales in inventory

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