The TBI Company has a number of days of inventory of 50. Therefore, the TBI Companys inventory

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The TBI Company has a number of days of inventory of 50. Therefore, the TBI Company’s inventory turnover is closest to

a. 4.8 times.

b. 7.3 times.

c. 8.4 times.

d. 9.6 times

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 08, 2012 12:20 AM

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The TBI Company has a number of days of inventory of 50. Therefore, the TBI Companys inventory

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b is correct We perform the calculations using the following relat...View the full answer

Fundamentals of corporate finance

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