Answer:
40 days in the Inventory Balance
Explanation:
In this question, we need to apply the cash conversion cycle equation to find out the inventory days
We know that,
Cash conversion cycle = Days inventory outstanding + days sale outstanding - days payable outstanding
27 days = Days inventory outstanding + 31 days - 44 days
27 days = Days inventory outstanding - 13 days
So, the Days inventory outstanding = 27 days + 13 days = 40 days
