Multiple Choice
What is the inventory conversion period for a firm that has inventory of $1.5 million,a tax rate of 35 percent,daily cost of goods sold of $300,000,and profit margin of 12 percent?
A) 3.25 days
B) 0.60 days
C) 5.00 days
D) 6.75 days
Correct Answer:
Verified
Correct Answer:
Verified
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