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Determine the Minden Co inventory holding period

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Question - Minden Co. has current assets of $180,000 (cash, $20,000; accounts receivable, $70,000; inventory, $90,000), and long-term assets that had cost $400,000, with amortization to date of $180,000. Sales were $500,000, and operating profit was $50,000. Tax was $20,000 and interest paid was $10,000. Determine the Minden Co. inventory holding period?

Reference no: EM133108806

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