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Consider the following details about a firm from the past year. Assume that this sample time period provides a good estimate for the firm's cycles.

Consider the following details about a firm from the past year. Assume that this sample time period provides a good estimate for the firm's cycles. What is its Inventory Period?

March

1 -

Acquire Inventory

March

20 -

Pay $

25, 000

for Inventory

April

22 -

Sell Inventory on Credit

May

23 -

Collect $

40, 000

for Sale on Credit

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