Wallys Motors generally has inventory that equals $48 million. If the inventory turnover for the company is

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Wally’s Motors generally has inventory that equals $48 million. If the inventory turnover for the company is 8, what is its
(a) Inventory conversion period
(b) Cost of goods sold?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Nov 24, 2014 09:27 AM

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Wallys Motors generally has inventory that equals $48 million. If the inventory turnover for the company is

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a b CGS 48000000 x 8 ...View the full answer

Principles of Finance

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