Business, 30.10.2019 06:31 sandygarcia65
During the current year, carl equipment stores had net sales of $600 million, a cost of goods sold of $500 million, average accounts receivable of $75 million, and average inventory of $50 million. assuming a 365-day year, the number of days required for carl equipment to convert its average inventory into cash is:
a) 73.0.
b) 36.5.
c) 304.2.
d) 24.3.
Answers: 2
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During the current year, carl equipment stores had net sales of $600 million, a cost of goods sold o...
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