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The Financial reports of the head company in Muscat shows a Net Sales of OMR 3,305,000, Beginning Inventory of OMR 400,000, Ending Inventory OMR 220,000,
The Financial reports of the head company in Muscat shows a Net Sales of OMR 3,305,000, Beginning Inventory of OMR 400,000, Ending Inventory OMR 220,000, Average A/R are OMR 410,000, Average A/P are OMR 320,000, the costs of goods sold equals to OMR 1,900,000 and Net purchases equals to OMR 1,330,000.
Calculate the number of days of average inventory conversion period of Salalah branch?
a.
46.23 days
b.
45 days
c.
35 days
d.
45.5 days
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