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Devin Inc Has an Inventory Turnover Ratio of 35

Question 76

Multiple Choice

Devin Inc. has an inventory turnover ratio of 35. Devin's average number of day's inventory is:


A) Less than 10.
B) Between 10 and 12.
C) More than 12.
D) Unable to be determined based on this limited information.

Correct Answer:

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