Question - Garnishes, inc has sales for the year of $46,300 and cost of goods sold of $21,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4.400. What is the inventory period?
a- 12.39 days
b- 18.68 days
c- 31.29 days
d- 80.74 days
e- 91.36 days