Question:

What is Kleck's inventory conversion period?

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Kleck Corporation has $500,000 of inventory, and its annual sales are $3,000,000. Based on a 365 day year, what is Kleck's inventory conversion period?

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3 ANSWERS


  1. i beat off to snails


  2. Aadvarks

  3. You don't have enough info. You need the COGS, not sales. Inventory conversion period = 365/(COGS/Ave. inventory)

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