ALT had $25 million in sales last year. Its cost of goods sold was $15 million and its average inventory balance was $3 million. What was its average days of inventory?

A) 43.8 days
B) 36.5 days
C) 73.0 days
D) 9.1 days

Answer: C

Business

You might also like to view...

Which is not a defense available to an employer in a vicarious liability claim?

A. If the employee was not negligent, the employer cannot be held liable. B. That the employee was not acting within the scope of employment, as is the case if an employee is out acting on his own or committing an intentional tort. C. The employee was properly trained by the supervisor/employer and thus, the employer is not negligent. D. That the employee is an independent contractor

Business

Quantitative research is essentially survey research

Indicate whether the statement is true or false

Business