The following figures are extracted from the recent financial statements of a manufacturer called Technograph. The company produces custom-use monitors and has a large amount of working capital due to many purchases of electronic materials from suppliers, inventory of finished goods and work-in-process. However, due to recent hikes in loan rates the cost of financing has gone up and the management is not happy with the large amount of cash that is being tied up in the firm. Management first wants to know how long cash is tied up in the operations, from the time it is spent on raw materials to the time it is recovered through sales. All numbers are in thousands of dollars. Starting inventory 14918 Ending inventory 1219 Starting Accounts Receivable 7745 Ending Accounts Receivable 6044 Starting Accounts Payable 4013 Ending Accounts Payable 5916 COGS 114351 Sales 137681 What is the average Inventory