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Beau Champ Company The Balance Sheet and Income Statement of the Company as of and for the twelve months ended December 31, 2020 shows the

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Beau Champ Company The Balance Sheet and Income Statement of the Company as of and for the twelve months ended December 31, 2020 shows the following information (in thousands): Opening. i.e. beginning of year and Ending balances Accounts Receivable Opening $4,155, Ending. $5,155 Accounts Payable Opening $5,200, Ending $5,834 Inventory Opening $3,000, Ending $5,000 Sales on Credit (12months) 40,757 Cost of Goods Sold (COGS) (12 months) $28,744 QUESTION: Using this information, how many days are in the Inventory Conversion Period for the year (ROUND TO WHOLE DAY IF NECESSARY)? 51 days 33 days 40 days None of the above 24 tv

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