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Find the inventory conversion period is

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Reference no: EM132548668

Question 1: Frosty's Frozen Food Inc.'s inventory balance is $1.22 million. Frosty's Cost of Good's Sold is $30.4 million. Its inventory conversion period is

A) 12 days.

B) 24.92 days.

C) 14.65 days.

D) 299.2 days.

Question 2: Currier & Ive's Lithography has a Cost of Goods Sold of $60.8 million. The company's accounts payable balance is $7.5 million. Its accounts payable deferral period is

A) 81 days.

B) 45 days.

C) 8.11 days.

D) 48.7 days.

Reference no: EM132548668

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