Use the Following Information to Answer the Question(s)below

question 24

Multiple Choice

Use the following information to answer the question(s) below:
Rearden Metal (RM) had $120 million in sales in 2019.Its cost of goods sold was $85 million,and its average inventory balance was $15 million.
-The average number of inventory days outstanding for Rearden is closest to:

• A)6 days.
• B)8 days.
• C)37 days.
• D)64 days.

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Definitions:

Ethical Standards

Set of principles that guide moral conduct and decision-making in personal and professional contexts, often reflecting values such as honesty, integrity, and fairness.

Voluntary Turnover

The act of employees leaving an organization by their own choice, as opposed to being dismissed or terminated by the employer.

Facility Closed

The process or state of shutting down operations and ceasing activities in a particular building or location.

Laid Off

It denotes the termination of employment by an employer against the wishes of the employee, often due to economic downturns or company restructuring.