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
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
