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34kurt
3 years ago
9

Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection perio

d
Business
1 answer:
mart [117]3 years ago
5 0

Answer:

8.6 days

Explanation:

The formula for average collection period

= Average received turnover ratio / 365 daya

= 90 × 35 / 365

= 8.6 days

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