Which of the following best describes the inventory conversion period for a company?
A) The time between when goods arrive at the company and when they are sold.
B) The time between when goods arrive at the company and when the cash is collected from their sale.
C) The time between when goods are paid for and when they are sold.
D) The time between when good are paid for and when the cash is collected from their sale.
Correct Answer:
Verified
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