Multiple Choice
Stephan, Inc.
Stephan, Inc. has an inventory turnover rate of 8 times.
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Refer to the information provided for Stephan, Inc. Calculate the company's days-in-inventory ratio.
A) 365 days
B) 150 days
C) 120.75 days
D) 45.625 days
Correct Answer:
Verified
Correct Answer:
Verified
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