Cora Operation Has an Inventory Turnover of 121 and a Receivables

question 176

Multiple Choice

Cora Operation has an inventory turnover of 121 and a receivables turnover of 36. This means that it takes _____ days for the firm to sell its inventory and collect payment for that sale.

• A) 2.32
• B) 4.29
• C) 11.86
• D) 13.16
• E) 14.09

---

Definitions:

Confidence Interval

A spectrum of numbers resulting from sample measurements, which is thought to cover the value of an unidentified population feature.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how spread out the data points are from the mean.

Chi-squared Distribution

A statistical distribution that is used to describe the distribution of a sum of squared random variables, often used in hypothesis testing.

Chi-squared Distribution

A statistical distribution that describes the distribution of the sum of the squares of a set of variables that follow a normal distribution, commonly used in hypothesis testing.