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(a) (b) A firm has $5,000,000 of inventory on average and annual sales of $30,000,000. Assume there are 365 days per year. What is
(a) (b) A firm has $5,000,000 of inventory on average and annual sales of $30,000,000. Assume there are 365 days per year. What is the firm's inventory conversion (5) period? Ammer Products has an average accounts payable balance of $850,000 and its annual cost of goods sold is $8,750,000. Assume there are 365 days per year. What is Amber's payables deferral period?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
