11.Which of the following explains what it means to have a Days Sales in Inventory figure of 45?

1. The average collection period for our customers is 45 days.
2. Customers are taking an average of 45 days to pay off their balances.
3. A unit of inventory sits on the shelf an average of 45 days before being sold.
4. We are paying our bills every 45 days.
5. We are turning our inventory 45 times per year