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Your firm's cost of goods sold (COGS) average $2,000,000 per month

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Your firm's cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 80% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period?;23.8 days;21.2 days;24.3 days;26.0 days;23.6 days

 

Paper#24895 | Written in 18-Jul-2015

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