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What is length of the company inventory conversion period

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Reference no: EM133126429

Question - National Co. has P5 million in inventory and P2 million in accounts receivable. Its average daily sales are P250,000. The company has P1.5 million in accounts payable. Its average daily purchases are P50,000. What is the length of the company's inventory conversion period?

Reference no: EM133126429

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