King Co.’s inventory turnover ratio is 12. Its inventory conversion period is

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King Co.’s inventory turnover ratio is 12. Its inventory conversion period is

Darshita Changed status to publish August 12, 2020
0

Answer:

inventory conversion period

=365 / Inventory Turnover

= 365/ 12

=30.4 dats

inventory conversion period = 30.4 days

Darshita Changed status to publish August 12, 2020

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