Premier Corp. has sales of $870,539, and cost of goods sold equal to 74 percent of sales. Assume all sales are credit sales.

Premier Corp. has sales of $870,539, and cost of goods sold equal to 74 percent of sales. Assume all sales are credit sales. If the firm’s accounts receivable total $138,135 and its operating cycle is 71.1 days, how much inventory does the firm have?

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