Inventory / COGS per day.
A) Inventory conversion period
B) Average collection period
C) Average payment period
D) Inventory turnover

Question

Quizplus · Accepted Answer

The Inventory Conversion Period is the amount of time it takes for a company to turn its inventory into sales. It is calculated by dividing the inventory by the cost of goods sold per day, which reflects how long inventory is held before being sold.

Inventory / COGS Per Day