Your firm's cost of goods sold (COGS) average $2,000,000 for each month, and it keeps inventory equal to 80% of its monthly COGS on hand at all times. Using 365-day year, determine its inventory conversion period? (Hint: Assume that COGS = Sales) 23.8 days 26.0 days 24.3 days 21.2 days 23.6 days