[Solved] On average, Bragg Inc. has COGS of $2,000

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On average, Bragg Inc. has COGS of $2,000,000 per month. It keeps inventory equal to 60% of its monthly sales on hand at all times.

On average, Bragg Inc. has COGS of $2,000,000 per month. It keeps inventory equal to 60% of its monthly sales on hand at all times. Based on using a 365-day year, what is the inventory conversion period?

a. 13.0 b. 14.4 c. 12.2 d. 18.25

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