Use the following information to answer the question(s)below:
Rearden Metal (RM)had $120 million in sales in 2019.Its cost of goods sold was $85 million,and its average inventory balance was $15 million.
-The average number of inventory days outstanding for Rearden is closest to:
A)6 days.
B)8 days.
C)37 days.
D)64 days.

Question

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The Answer of Use the following information to answer the question(s)below:
Rearden Metal (RM)had $120 million in sales in 2019.Its cost of goods sold was $85 million,and its average inventory balance was $15 million.
-The average number of inventory days outstanding for Rearden is closest to:
A)6 days.
B)8 days.
C)37 days.
D)64 days.

Use the Following Information to Answer the Question(s)below