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    Fundamentals of Corporate Finance Study Set 18
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    Exam 4: Analyzing Financial Statements
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    Gateway Corp
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Gateway Corp

Question 5

Question 5

Multiple Choice

Gateway Corp. has an inventory turnover ratio of 5.6. What is its day's sales in inventory? Round your final answer to nearest day.


A) 65 days
B) 64 days
C) 61 days
D) 57 days

Correct Answer:

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