Reference no: EM131343293
Bakers Dozen Inc.
The Balance Sheet and Income Statement of Baker Dozen Inc. as of and for the twelve months ended December 31, 2015 shows the following information (in thousands):
Opening (Prior Period) and Ending balances
Accounts Receivable Opening $4,155, Ending. $4,650
Accounts Payable Opening $5,200, Ending $5,750
Inventory Opening $2,150, Ending 3,150
Sales on Credit (12months) $57,450
Cost of Goods Sold (COGS) (12 months) 45,100
QUESTION: Using this information, how many days were in the Inventory Conversion Period in 2015?
21 days
45 days
15 days
None of the above
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