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  3. consider the following details about a firm from t

Consider the following details about a firm from the past year. Assume that this sample...

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Accounting

Consider the following details about a firm from the past year. Assume that this sample time period provides a good estimate for the firm's cycles. What is its Inventory Period?
March 1- Acquire Inventory
March 20- Pay $25,000 for Inventory
April 22- Sell Inventory on Credit
May 23- Collect $40,000 for Sale on Credit

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