=+LG 2 P152 Changing cash conversion cycle The Furniture Corporation turns over its inventory 7 times a

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=+LG 2 P15–2 Changing cash conversion cycle The Furniture Corporation turns over its inventory 7 times a year, has an average collection period of 45 days, and has an average payment period of 30 days. It has annual sales of $5 million and cost of goods sold of

$1.8 million.

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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