Anna Banana Company would like to estimate how long it will take to realize cash from its ending inven- tory. For this purpose, the following data are submitted:
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Accounts receivable, less allowance for doubtful accounts of $30,000
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$560,000
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Ending inventory
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680,000
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Net sales
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4,350,000
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Cost of goods sold
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3,600,000
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Required:
Estimate how long it will take to realize cash from the ending inventory.