Length of the inventory conversion period

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Reference no: EM13813486

Sherwood Packing has sales of $3.2 million and cost of goods sold is 65% of sales. If Sherwood's inventory averaged $0.4 million last year, what was the length of the inventory conversion period?

a. 130.4 days

b. 69.2 days

c. 195.5 days

d. 145.2 days

Reference no: EM13813486

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