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Calculate the stock turnover period

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Reference no: EM133076350

Question - MMM Ltd provided the following information for the accounting period ended July 31, 2021:

Sales - $180,000

Gross profit - $20,000

Creditors - $50,000

Opening inventory - $30,000

Closing inventory - $10,000

Required - Calculate the stock turnover period assuming 360 days per year.

Reference no: EM133076350

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