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You prefer to extend credit on the assumption that you will be paid in full within 48 days of the sales. Firm X has average
You prefer to extend credit on the assumption that you will be paid in full within 48 days of the sales. Firm X has average inventory of $570,000 with all cash sales (no credit sales) of $6,700,000. If you extend credit to this firm, can you expect to be paid on time? Assume 365 days in a year. Round your answer to the nearest whole number.
The inventory turnover is ____ days, therefore, you -Select-can/cannot expect to be paid in 48 days.
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