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Company FFF has an inventory turnover ratio of 6. Calculate its average inventory turnover period and discuss its implications for inventory management. Describe the inventory

Company FFF has an inventory turnover ratio of 6. Calculate its average inventory turnover period and discuss its implications for inventory management. Describe the inventory turnover ratio as a measure of a company's efficiency in managing its inventory levels and the average inventory turnover period as the time it takes for the company to sell and replace its inventory. Discuss the significance of a shorter or longer inventory turnover period in assessing inventory management effectiveness and cash flow efficiency.

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