caraanderson9689 caraanderson9689

22-01-2021
Business

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

Respuesta :

ayokenny2001 ayokenny2001

23-01-2021

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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