Question
your frim cost of goods sold( COGS) avarage 2,000,000 per month, and it keep inventory equal to 65% of its monthly COGS on hand at
your frim cost of goods sold( COGS) avarage 2,000,000 per month, and it keep inventory equal to 65% of its monthly COGS on hand at all times. Using a 365-day year, what is the inventory conversion period?
A.19.6 DAYS
B.17.0 DAYS
C.19.8 DAYS
D.19.2 DAYS
E.15.2 DAYS
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
