What is the inventory conversion period for O'Brian's if it has sales of $320,000, an average inventory of $5,333 and a cash conversion cycle of 20 days? Assume the cost of sales is 55% of sales.

Blake distributors had a beginning inventory for June of 100,000. They purchased 25,000 in goods during the month.  Their income from sales was 200,000 with 10,000 in returns. Their ending inventory was 30,000. Their operating expenses were 50,000.  What was the amount of goods available for sale during June? What was the cost of goods sold? What was the net sales? What was the gross profit? Was there an excess or a deficit? What was the net profit or net loss?

A company is launching a new sales initiative and expects sales of $598,427 during the first year. To prepare for this, they plan to acquire 35 days worth of inventory. If their gross profit margin is 29%, how much inventory must they acquire as part of their initial investment? Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234 Type your answer...

What is the average age of inventory for Patsy if it has sales of P320,000, an average inventory of P5,333, and cash conversion cycle of 20 days ? Assume that the cost of sales is 55% of Sales.