Your Firm's Cost of Goods Sold (COGS)average $2,000,000 Per Month,and

Your firm's cost of goods sold (COGS) average $2,000,000 per month,and it keeps inventory equal to 50% of its monthly COGS on hand at all times.Using a 365-day year,what is its inventory conversion period?

A) 15.2 days
B) 14.0 days
C) 15.7 days
D) 13.7 days
E) 14.8 days