Question: Please answer the following in excel format while showcasing the equations used: A steel company processes $400 million of iron ore per year. The cost

Please answer the following in excel format while showcasing the equations used:

A steel company processes $400 million of iron ore per year. The cost of processing ore is $200 million per year. That is the cost of goods sold = $400 +$200 = $600 million per year. The average inventory is $100 million. How long does a dollar spend in the steel companys process?

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