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JBK Corp has $450,000 of sales, $100,000 of inventories, $80,000 of receivables, and $70,000 of payables. Its cost of goods sold is 60% of sales. Assume a 365-day year, what is JBKs inventory conversion period? O A. 160.44 O B. 139.46 O C. 153.79 D. 148.62 o E. 135.19
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Answer #1

Inventory Conversion Days = Inventory/(Cogs/365) = 100000/(60%*450000/365) = 135.19

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