Multiple Choice
Famous Farm's payables deferral period (PDP) is 50 days (on a 365-day basis) , accounts payable are $100 million, and its balance sheet shows inventory of $125 million.What is the inventory turnover ratio?
A) 4.73
B) 5.26
C) 5.84
D) 6.42
E) 7.07
Correct Answer:
Verified
Correct Answer:
Verified
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