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If a company has an inventory turnover rate of 4, how often is the company selling its inventory in months?
Legal Claim
A demand for compensation, payment, or property by a person or entity asserting a right against another in a court of law.
Note Receivable
A financial asset representing a written promise to receive a specific amount of money, plus interest, at a future date.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Maturity Value
The total amount that will be paid to an investor at the end of a bond's term or the face value plus any interest.
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