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Mario's Home Systems has sales of $2,800, cost of goods sold of $2,100, inventory of $500, and accounts receivable of $400.

How many days, on average, does it take Mario's to sell its inventory?

What is the average collection period?

What is the operating cycle (rounded to the nearest full day)?

The stated rate of interest is 9%. Which form of compounding will yield the highest return?

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  • Reference No.:- M939136

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