Up-Towner has $913,400 in sales, $579,300 cost of goods sold, $123,900 inventory and $78,900 accounts receivable. Assuming
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Up-Towner has $913,400 in sales, $579,300 cost of goods sold, $123,900 inventory and $78,900 accounts receivable. Assuming all sales are on credit, how many days, on average, does it take for the firm to sell its inventory?
Expert Answer:
To calculate the average number of days it takes for UpTowner to sell its inventory we ... View the full answer
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