Calculating firm inventory conversion period, Finance Basics

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Calculating firm inventory conversion period

On average, a Key Corporation sells $2,000,000 in merchandise a month. It keeps inventory equal to one-half of its monthly sales on hand at all times. If the firm analyzes its accounts using a 365-day year, what is the firm's inventory conversion period?

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Finance Basics: Calculating firm inventory conversion period

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Finance Basics: Calculating firm inventory conversion period

Reference No:- TGS054727

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Q : Prepare the following budgets for the year

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Calculating firm inventory conversion period

Reference No:- TGS054727

Recent Questions Asked Finance Basics

Q : End of the company fiscal year

Q : Prepare the following budgets for the year

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Q : Calculating firm inventory conversion period

Q : Barbara basis for her acme securities

Q : What is the amount of equity on december 31, 2010

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