T
CFA Level 1 Exam
3959 Questions
Question No. 1
The following data have been extracted from the financial statements of a firm for two years, 1993 and 1994:
1993 1994
Assets 10,895 12,444
Sales 8,465 9,275
Inventory 3,126 3,549
COGS 7,120 7,387
The average inventory processing period for 1994 equals ________.
Choose the correct option from the given list.
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