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Your firms cost of goods sold cogs average 2000000 per

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Your firm's cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period?

a. 14.4 days

b. 13.0 days

c. 11.7 days

d. 15.2 days

e. 16.7 days

Reference no: EM13573262

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