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Tefft Industries Has an Average Inventory of $170,000, Sells on Terms

Question 42

Multiple Choice

Tefft Industries has an average inventory of $170,000, sells on terms of 2/10, net 30, and its cost of sales is $540,000. What is Tefft's inventory conversion period?


A) 85 days
B) 115 days
C) 105 days
D) cannot be determined from the data given

Correct Answer:

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