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A company has an inventory turnover rate of 5.80, an accounts payable period of 30 days, and an accounts receivable period of 45 days. How
A company has an inventory turnover rate of 5.80, an accounts payable period of 30 days, and an accounts receivable period of 45 days. How long does it take the firm from its actual payment for the inventory to cash collection from a sale?
84.28 days
77.93 days
72.16 days
66.75 days
60.50 days
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