Thornton Universal Sales'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) 11.7 days
B) 13.0 days
C) 14.4 days
D) 15.2 days
E) 16.7 days

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The Answer of Thornton Universal Sales'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) 11.7 days
B) 13.0 days
C) 14.4 days
D) 15.2 days
E) 16.7 days

Thornton Universal Sales's Cost of Goods Sold (COGS) Average $2,000,000