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Find what is the inventory period

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Problem 1: A company has an end of year balance sheet (in SGD) showing, amongst other things, equity of 26,000,000, total debt of 38,000,000, account receivables of 16,000,000, inventory of 12,000,000 and account payables of 12,700,000. Given yearly sales of 38,000,000 and Cost of Goods Sold of 35,000,000, what is the inventory period (a year has 365 days)?

Reference no: EM132994577

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