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  3. Study Set
    Principles of Accounting
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    Exam 6: The Operating Cycle and Merchandising Operations
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    If It Takes 45 Days to Sell Inventory, 30 Days
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If It Takes 45 Days to Sell Inventory, 30 Days

Question 14

Question 14

True/False

If it takes 45 days to sell inventory, 30 days to collect for the sale, and creditors' payment terms are 60 days, the financing period is 15 days.

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