Question
Up-Towner has $913,400 in sales, $579,300 cost of goods sold, $123,900 inventory and $78,900 accounts receivable. Assuming all sales are on credit, how many days,
Up-Towner has $913,400 in sales, $579,300 cost of goods sold, $123,900 inventory and $78,900 accounts receivable. Assuming all sales are on credit, how many days, on average, does it take for the firm to sell its inventory?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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