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Cora Operation Has an Inventory Turnover of 121 and a Receivables

Question 129

Multiple Choice

Cora Operation has an inventory turnover of 121 and a receivables turnover of 36. This means that it takes _____ days for the firm to sell its inventory and collect payment for that sale.


A) 2.32
B) 4.29
C) 11.86
D) 13.16
E) 14.09

Correct Answer:

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