Calculate the inventory-to-sale conversion period based on the following information: average inventories = $110,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $173,000; and net sales = $365,000.
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Home » Business » Calculate the inventory-to-sale conversion period based on the following information: average inventories = $110,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $173,000; and net sales = $365,000.