Use the Following Statement of Financial Position and Statement of Comprehensive

question 152

Multiple Choice

Use the following statement of financial position and statement of comprehensive income What is the days' sales in inventory for Bluebird? (Use average inventory.)

• A) 68.93 days
• B) 74.41 days
• C) 81.22 days
• D) 101.01 days
• E) 105.65 days

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Definitions:

Item Value

The worth or utility that a specific item or product holds for an individual or the market.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real estate, or intellectual property.

Reference Point

A baseline or standard used for comparison in financial and economic analysis, often to gauge changes or differences.

Economic Decisions

Economic decisions involve choices about resource allocation, production, distribution, and consumption within an economy, often under conditions of scarcity.