Question
The company XYZ has annual sales of $600,000, COGS/Sales of 90%, and inventory turnover of 10.8. What is the inventory conversion period? Group of answer
The company XYZ has annual sales of $600,000, COGS/Sales of 90%, and inventory turnover of 10.8. What is the inventory conversion period?
Group of answer choices
35.2 days
33.8 days
33.2 days
30.8 days
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
