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An invoice dated April 22 shows a net price of $175 with the terms 3 / 10, n / 30. date the cash discount is allowed?
Inventory Turnover
A ratio indicating how many times a company's inventory is sold and replaced over a certain period, measuring efficiency in managing stock.
Average Daily Cost
The average amount of expenses incurred in a day, calculated over a specified period.
Days' Sales
A financial ratio that measures the average time it takes for a company to convert its inventory into sales.
Industry Average
A benchmark or standard performance metric across a sector or industry, useful for comparison and strategic planning.
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