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ABNA' 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
ABNA' 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?
11.7 days | ||
13.0 days | ||
14.4 days | ||
15.2 days | ||
16.7 days |
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