Examlex
Find the value. Give an approximation to four decimal places.
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Inventory Turnover
A measure of how frequently a company sells and replaces its stock of goods within a certain period.
Times
Often refers to a multiplicative factor or frequency of occurrences within a specified period.
Accounts Receivable Period
The average number of days it takes for a business to receive payments owed by its customers for goods or services provided on credit.
Inventory Period
The inventory period is the amount of time it takes for a company to sell through its stock of goods. This is a critical component of inventory management and cash flow analysis.
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