kboard QUESTION 13 Find the inventory-to- sale conversion period for ABC venture for the year 2006. See below for the IS and BS ABC Income Statement Ending Dec.31s 005 $1,800.000 1,080,000 720,000 180,000 500,000 80,000 40,000 2006 3,000,000 1,800,000 1,200,000 300,000 500,000 80,000 320,000 Net Sales coGS Gross Prolit Marketing Expenses General Administrative (G&AExpenses Depreciation expense EBIT 90,000 120,000 200,000 50,000 150,000 EBT 130,000 Taxes Net Income 130,000 Dividends 70,000 Change in Retained Earnings 80,000 ABC ick Save and Submit to save and submit. Click Save All Answers to save all answers