Use the following information to answer the question(s) below:
Rearden Metal (RM) had $120 million in sales in 2009. Its cost of goods sold was $85, and its average inventory balance was $15 million.
-1. 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 2009. Its cost of goods sold was $85, and its average inventory balance was $15 million.
-1. 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