Multiple Choice
Salerno Co. has an inventory turnover rate of 7 and an accounts receivable turnover rate of 5. Assuming 365 days in a year, the period of time required for Salerno to convert its inventory into cash through normal business operations is approximately:
A) 21 days.
B) 52 days.
C) 4 months.
D) 2.5 months.
Correct Answer:
Verified
Correct Answer:
Verified
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