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The outdoor enthusiast turns its inventory 8 times a year, has an average collection period of 5 7 days, and has an average payment period

The outdoor enthusiast turns its inventory 8 times a year, has an average collection period of 57 days, and has an average payment period of 30 days. It has annual sales of 5 million and cost of goods sold for 1.8 million assume 365 days a year
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