Calculate the inventory conversion period

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Reference no: EM133922884

Problem

Calculate the inventory conversion period for an organization with the following information on their balance sheet and income statement: From the balance sheet: 12/31/18 Inventory = $1,275,000 12/31/17 Inventory = $1,538,000 From the income statement: 12/31/18 Cost of Goods Sold = $40,300,000 12/31/17 Cost of Goods Sold = $35,950,000. Get the instant assignment help. Calculate the inventory conversion period for 2018.

Reference no: EM133922884

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