Calculation of inventory conversion period

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Reference no: EM1310954

Calculation of inventory conversion period.

On average, Bragg Inc. has sales of $2,000,000 per month. It keeps inventory equal to 50% of its monthly sales on hand at all times. Based on using a 365-day year, what is the inventory conversion period?

a) 11.7

b) 13.0

c) 14.4

d) 15.2

e) 16.7

Reference no: EM1310954

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