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Question
What is the inventory conversion period for a firm that has inventory of $1.5 million, a tax rate of 35 percent, daily cost of goods sold of $300,000, and profit margin of 12 percent?
a. 3.25 days
b. 0.60 days
c. 5.00 days
d. 6.75 days
Answer
This answer is hidden. It contains 1 characters.
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