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Community corrections assumes that
Operating Cycle
The amount of time it takes for a company to purchase inventory, sell it, and convert the sale back into cash.
Average Payment Period
The average time it takes a company to pay off its accounts payable.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.
Average Sales Period
The average amount of time it takes for a company to sell its inventory, which can reflect its inventory management efficiency.
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