If sales are $950,000, the cost of sales is $600,000 and average inventory is $65,000, the average time taken to sell inventory in days is:
A) 39.54 days.
B) 23.6 days.
C) 11 days.
D) 33 days.
Correct Answer:
Verified
Q1: Working capital is a measure of a
Q3: Which of the following is not a
Q4: Because of uncertainty of demand, a firm
Q5: The economic order quantity model is concerned
Q6: Annual demand for product W is 120,000
Q7: Management of working capital is important because
Q8: Which items comprise inventory?
A)work-in-process.
B)finished goods.
C)raw materials.
D)all of
Q9: Which business is likely to have the
Q10: Which of these is not a cost
Q11: Which statement concerning working capital is not
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