AVERAGE AGE OF INVENTORY Definition

AVERAGE AGE OF INVENTORY is calculated by the formula: 365 / inventory turnover.

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TRADE PAYABLE, also known as an account payable, is an amount owed to a creditor for goods and services received.

PRIVATE PLACEMENT is investments in companies that are privately owned; i.e, they are companies that are not traded on a public stock exchange (e.g., NYSE, NASDAQ, and AMEX).

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