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Sales 3650000 cost of goods sold cogs 2000000 and average


Given the following data: Sales = 3,650,000; Cost of Goods Sold (COGS) = 2,000,000; and Average Inventories = 400,000. Calculate the inventory period in days. (Use 365 days a year)

Please show work (answer must be in days)

How could the cash budget be used when negotiating the terms of a bank loan?

 

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Financial Management: Sales 3650000 cost of goods sold cogs 2000000 and average
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