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QUESTION
Green Corp.'s payables deferral period (PDP) is 50 days (on a 365-day basis), accounts payable are $100 million, and its balance sheet shows...
Green Corp.'s payables deferral period (PDP) is 50 days (on a 365-day basis), accounts payable are $100 million, and its balance sheet shows inventory of $125 million. What is the inventory turnover ratio?
Select one:
a. 4.73b. 5.26c. 5.84d. 6.42e. 7.07