Average age of inventory can be calculated as 365 divided by inventory turnover

Companies using lean systems generally have:

A) many suppliers to ensure that material shortages never occur. B) suppliers that are located nearby to decrease delivery lead time. C) suppliers that are willing to accept short-term contracts. D) suppliers who are low-cost producers.

From 1980 to 2013, the default risk premium differential between Aaa-rated bonds and Baa-rated bonds has averaged between ________

A) 5 to 15 basis points B) 20 to 50 basis points C) 100 to 200 basis points D) 250 to 350 basis points