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SRC, Inc, Sells Its Inventory in an Average of 43 Days

Question 87

Multiple Choice

SRC, Inc., sells its inventory in an average of 43 days and collects its receivables in 3.6 days, on average.What is the inventory turnover rate? Assume a 365-day year.


A) 8.49
B) 7.29
C) 8.68
D) 10.18
E) 7.13

Correct Answer:

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