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ABC, Inc. has been experiencing cash shortages due to its high growth rate. Using the following information, what is the firm's Inventory Conversion Period? (Round

ABC, Inc. has been experiencing cash shortages due to its high growth rate. Using the following information, what is the firm's Inventory Conversion Period? (Round to one decimal place.) Average inventory = $ 75,000 Annual sales = $600,000 Annual cost of goods sold = $360,000 Average accounts receivable = $160,000 Average accounts payable = $ 25,000

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