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You prefer to extend credit on the assumption that you will be paid in full within 5 4 days of the sales. Firm X has
You prefer to extend credit on the assumption that you will be paid in full within days of the sales. Firm X has average inventory of $ with all cash sales no credit sales of $ If you extend credit to this firm, can you expect to be paid on time? Assume days in a year. Round your answer to the nearest whole number.The inventory turnover is How much days, therefore, you expect to be paid in days.
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