Agnes Company Reported the Following Data What Was the Average Days' Supply in Inventory?
A) 165

question 108

Multiple Choice

Agnes Company reported the following data: $$\begin{array} { l r } \text { Quick assets } & \$ 55,000 \\\text { Current assets } & 150,000 \\\text { Total liabilities } & 300,000 \\\text { Average net receivables } & 12,600 \\\text { Beginning inventory } & 38,000 \\\text { Long-term liabilities } & 200,000 \\\text { Net credit sales } & 126,000 \\\text { Cost of goods sold } & 84,000 \\\text { Ending inventory } & 46,000\end{array}$$ What was the average days' supply in inventory?

• A) 165.9
• B) 202.7
• C)182.5
• D)121.7

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Definitions:

Time to Market

The period it takes from a product being conceived until its being available for sale to consumers, emphasizing the importance of speed in product development cycles.

Numerical Facts

Quantitative data that represent measurable amounts or statistics.

Measurement Process

The methodical series of steps or actions taken to quantify or assess characteristics of interest within a given system or subject.

Internal Data

Information generated within an organization that can include financial records, customer information, and operational data.