Question: Company A has a very high inventory conversion period, which is resulting in a very high cash conversion cycle. The firm would like to lower

Company A has a very high inventory conversion period, which is

Company A has a very high inventory conversion period, which is resulting in a very high cash conversion cycle. The firm would like to lower its inventories such that their inventory conversion period is equal to the industry average of 33 days. By how much would inventories have to decline if the company could attain the industry average? The company's cost of goods sold is 150,750, inventory is 35,000. O a. $26,795 O b. $22,727 O c. $23,631 O d. $26,343 O e. $21,371

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