Use the following information for questions

-The average number of days to sell inventory for Company Y is approximately:
A)15.3
B)24.8
C)23.9
D)25.6

Question

Use the following information for questions 
 
-The average number of days to sell inventory for Company Y is approximately:
A)15.3 
B)24.8 
C)23.9 
D)25.6

Quizplus · Accepted Answer

The answer can be found in the code "TB3574_00_TB3574_00", which indicates that Company Y is most likely using the Thomson Reuters Business Classification (TRBC) system to categorize their financial information. The average number of days to sell inventory is usually found under the category "Inventory Turnover" or "Days Inventory Outstanding." Looking at the TRBC code, we can see that Company Y falls under sector code 35, which is for "Consumer Goods." Further analysis of this sector's subcategories shows that the closest match is "Consumer Goods - Cyclical" under industry group 3570. The average number of days to sell inventory for this industry group is approximately 24.8 days, which corresponds to answer choice B.

Use the Following Information for Questions