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Salty Dog Brewery has the following end of year account balances. What is the company's inventory conversion period? Use a 365-day year. Annual sales =

Salty Dog Brewery has the following end of year account balances. What is the company's inventory conversion period? Use a 365-day year.

Annual sales = $45,000

Annual cost of goods sold = $30,000

Inventory = $3,500

Accounts receivable = $1,800

Accounts payable = $2,800

Group of answer choices

43 days

48 days

39 days

31 days

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