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Kennesaw corp. has sales for the year of $69,300 and cost of goods sold of $48,800. The firm carries an average inventory of $9,500 and

Kennesaw corp. has sales for the year of $69,300 and cost of goods sold of $48,800. The firm carries an average inventory of $9,500 and an average accounts payable balance of $5,700. What is the inventory period?

1) 63.14 days
2) 68.57 days
3) 69.01 days
4) 71.06 days

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