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SRC in sells its inventory and an average of 43 days and clocks it's receivable and 3.6 point six days on average what is the inventory turnover rate

Respuesta :

abiolataiwo2015

Answer:

8.49 times

Explanation:

Calculation for the inventory turnover rate

Using this formula

Inventory turnover rate =Inventory avarage days/Numbers of days in a year

Let plug in the formula

Inventory turnover rate = 365 days /43 days = Inventory turnover rate =8.49 times

Therefore the inventory turnover rate will be 8.49 times

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