How many times Negus Enterprises turn over its inventory

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Question - Negus Enterprises has an inventory conversion period of 66 days, an average collection period of 40 days, and a payables deferral period of 38 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

Required - How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.

Reference no: EM132479866

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