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Anna Banana Company would like to estimate how long it will take to realize cash from its ending inventory. For this purpose, the following data are submitted:
Accounts receivable, less allowance for doubtful accounts of $30,000
560,000
Ending inventory
680,000
Net sales
4,350,000
Cost of goods sold
3,600,000
Required
Estimate how long it will take to realize cash from the ending inventory.
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