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Basic Question 5 of 8
To compute the days to sell the average inventory, the numerator is 365 days and the denominator is which of the following?
B. Average inventory
C. Net sales
A. Inventory turnover rate
B. Average inventory
C. Net sales
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Learning Outcome Statements
calculate and interpret activity, liquidity, solvency, and profitability ratios
describe relationships among ratios and evaluate a company using ratio analysis
CFA® 2024 Level I Curriculum, Volume 3, Module 11.