ACME Corporation has an inventory conversion period of 55 days, an average collection period of 25 days, and a payables deferral period of 30 days. If ACMEs annual sales are 3,100,000, How many times per year does ACME turn over its inventory? Assume that the cost of goods sold is 82% of sales.

7.83

7.75

7.3

7.5

8.09