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The answer to this question depends on several factors, such as the size and nature of the company, the types of customers it deals with and the inventory management processes it has in place.
When it comes to collecting accounts receivable, the amount of time taken depends on the payment terms of the sales. If the company has a short payment window, such as 30 days, then it will have a shorter time frame for collecting receivables than if it has a longer payment window, such as 60 days.
When it comes to selling inventory, the amount of time taken will depend on the company’s inventory management processes. For example, if the company has a well-managed inventory system in place, it can quickly identify which items they need to restock and process orders faster.
Overall, the amount of time it takes for a company to collect its accounts receivable and sell its inventory can vary greatly depending on the size and nature of the company, the payment terms of its sales, and the inventory management processes it has in place.
Learn about the importance of inventory management:
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