What is the inventory conversion period

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Reference no: EM13850608

Suppose that sales for the entire yr were 200,000 and the cost of goods sold 60% of sales. The Inventory Balance is 10,000, the accounts payable Balance is 5,000 and the cash conversion cycle is 50 days. What is the inventory conversion period?

a. 15 b. 20 c. 25 d. 30

Reference no: EM13850608

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