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A firm has revenues of $8,000,000 and COGS = 50% of revenues. Receivables = $800,000, Inventory = $500,000, and Payables = $300,000. What is days

A firm has revenues of $8,000,000 and COGS = 50% of revenues. Receivables = $800,000, Inventory = $500,000, and Payables = $300,000. What is days inventory held? PLEASE SHOW YOUR WORK
1. 36.5 Days
2. 45.6 Days
3. 27.4 Days
4. 54.7 Days

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