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Question
Calculate the inventory-to-sale conversion period based on the following information: average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000.
a. 240 days
b. 180 days
c. 90 days
d. 60 days
Answer
This answer is hidden. It contains 1 characters.
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