On average a firm purchases 2000000 in merchandise a month
On average, a firm purchases $2,000,000 in merchandise a month. It has inventories equal to two month purchases on hand at all times. If the firm analyzes its accounts using a 360-day year, what is the firm’s inventory conversion period?
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on average a firm purchases 2000000 in merchandise a month it has inventories equal to two month purchases on hand at
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