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Jones Company has $5,000,000 of average inventory and sales of $30,000,000. Using a 365-day year, calculate the firms inventory conversion period.
Jones Company has $5,000,000 of average inventory and sales of $30,000,000. Using a 365-day year, calculate the firms inventory conversion period.
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The inventory conversion period also known as the inventory turnover period is a measure of how ma...
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
