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Alta Construction days sales outstanding is 50 days (365 days in a year). The companys accounts receivable equal 100 million and its balance sheet shows
Alta Construction days sales outstanding is 50 days (365 days in a year). The companys accounts receivable equal 100 million and its balance sheet shows inventory equal to 125 million. What is the companys inventory turnover ratio? (assume that the company has a gross profit margin of 35%).
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