A firm has an operating cycle of 120 days an average
A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm’s average age of inventory is _____days.
A. 80
B. 50
C. 90
D. 70
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a firm has an operating cycle of 120 days an average collection period of 40 days and an average payment period of 30
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