Suppose a firm had an inventory turnover ratio of 20 . Suppose the firm considers a year

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Suppose a firm had an inventory turnover ratio of 20 . Suppose the firm considers a year to be 360 days. How many days, on average, does an item remain in the inventory?

a. 5.56 days

b. 18 days

c. 20 days

d. 360 days

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 06, 2024 01:17 AM

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Suppose a firm had an inventory turnover ratio of 20 . Suppose the firm considers a year

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Financial Accounting

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