Moving to another question will save this response. Question 24 Data on Liu Inc. for the most recent year are shown below, along with the inventory conversion period (OCP) of the firms agai inventory enough to reduce its ICP to the benchmarks' average. If this were done, by how much would inventories decline? Us Cost of goods sold = Inventory- Inventory conversion period ACP)- Benchmark inventory conversion period (1cP)- $85,000 $20,000 85.88 38.00 a $10.03 Moving to another question will save this response. Question 24 Data on Liu Inc. for the most recent year are shown below, along with the inventory conversion period (OCP) of the firms agai inventory enough to reduce its ICP to the benchmarks' average. If this were done, by how much would inventories decline? Us Cost of goods sold = Inventory- Inventory conversion period ACP)- Benchmark inventory conversion period (1cP)- $85,000 $20,000 85.88 38.00 a $10.03