Prince Co.’s inventory turnover ratio is 30.4. Its inventory conversion period is A) 12 days. B) 30.4 days. C) 2.5 days. D) There is not enough information.

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 Prince Co.’s inventory turnover ratio is 30.4. Its inventory conversion period is
A) 12 days.
B) 30.4 days.
C) 2.5 days.
D) There is not enough information.
Darshita Changed status to publish August 12, 2020
0

Answer:

inventory conversion period

=365 / Inventory Turnover

= 365/ 30.4

=12 days

inventory conversion period = 12 days

Darshita Changed status to publish August 12, 2020

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