A company that produces small electric motors for treadmills had cost of goods sold last year of $241,000,000. The average value of inventory for raw materials, work-in-process, and finished goods are shown in the table below:
If the company operates 365 days a year, the days of supply being held in inventory is
A) 44.4 days.
B) 27.4 days.
C) 8.2 days.
D) 0.1 day.
Correct Answer:
Verified
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