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Nicco Ltd sells luxury cars and has provided information from its financial statements for the year ended 30 June 2020. Sales (all on credit) $14,100,000

Nicco Ltd sells luxury cars and has provided information from its financial statements for the year ended 30 June 2020.

Sales (all on credit) $14,100,000

Gross profit on sales $5,010,000

Net profit $1,530,000

Cost of sales $9,090,000

Inventory at end of year 2020 $2,100,000

Inventory at end of year 2019 $1,320,000

Accounts receivable at end of year 2020 $2,640,000

The company trades 365 days per year. You are approached by one of the firm's board of directors and required to advise what Nicco ltd's inventory turnover period (in days) is for 2020?

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