You prefer to extend credit on the assumption that you will be paid in full within 31 days of the sales. Firm X has average inventory of $660,000 with all cash sales (no credit sales) of $4,700,000. If you extend credit to this firm, can you expect to be paid on time? Assume 365 days in a year. Round your answer to the nearest whole number, The inventory turnover is days, therefore, you expect to be paid in 31 days