20. Your firm's cost of goods sold (COGS) average $1,800,000 per month, and it keeps inventory equal to 55% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period? a. 11.7 days b. 13.0 days c. 14.4 days d. 15.2 days 18.2 days 30. Fairchild Garden Supply expects $550 million of sales this year, and it forecasts a 158 increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories - $30.2 + 0.20 (Sales). All dollars are in millions. What is the protected inventory turnover ratio for the coming year? 30:2 a. 3.40 b. 3.57 c. 3.75 d. 4.04 e. 4.10 montes CORRECT