A firm reported year-end sales of $20 million. It listed $7 million of inventory on its balance

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A firm reported year-end sales of $20 million. It listed $7 million of inventory on its balance sheet. Using a 365-day year, how many days did the firm's inventory stay on the premises?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: Apr 26, 2024 09:08 AM

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A firm reported year-end sales of $20 million. It listed $7 million of inventory on its balance

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To calculate the number of days the firms inventory stayed on the premises we can use the inventory ... View the full answer

Finance Applications and Theory

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