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  3. Study Set
    Intermediate Accounting Study Set 7
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    Exam 9: Short-Term Operating Assets: Cash and Receivables
  5. Question
    The Inventory Turnover Ratio Is Equal to 365 Divided by the Number
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The Inventory Turnover Ratio Is Equal to 365 Divided by the Number

Question 7

Question 7

True/False

The inventory turnover ratio is equal to 365 divided by the number of days of inventory on hand.

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