took Problem 9-17 You prefer to extend credit on the assumption that you will be paid in full within 56 days of the sale. Film Xhas average Inventory of $470,000 with all cash sales to credit salos) of 57,700,000. If you extend credit to this firm, can you expect to be paid on time? Aume 30 days in a year. Found your anwer to the nearest whole number The inventory tumover is days, therefore, you Seled expect to be paid in 56 days