Question
Alan's House of Organized Spices had sales of $3,200,000 last year and a gross profit margin of 35%. Alan's inventory averaged $400,000 last year. What
Alan's House of Organized Spices had sales of $3,200,000 last year and a gross profit margin of 35%.
Alan's inventory averaged $400,000 last year. What was the length of the inventory conversion period?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
