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      Question

      Calculate the average age of inventory(Assume 360 days

      in a year): Refer to the following information:  
      A 10 days Correct Answer Incorrect Answer
      B 12 days Correct Answer Incorrect Answer
      C 8 days Correct Answer Incorrect Answer
      D 9 days Correct Answer Incorrect Answer
      E 7 days Correct Answer Incorrect Answer

      Solution

        The average age of inventory = 360/39.2 = 9.18 Days Workings:

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