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Average days of inventory

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Calculation: In the month of January, Reliance® Auto sold 60 vehicles and had accounts receivable of $160,000.00. If a vehicle costs $40,000, account payable is $240,000 and the cost of sales is 72%, and the current value of total inventory is $500,000.00, what would the average daily sales, the average days of accounts receivable ,the average daily cost of sales, the average days of inventory, and Cash to cash cycle time.

Reference no: EM132013022

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