Pepito's Has Sales for the Year of $166,569 and Cost

question 70

Multiple Choice

Pepito's has sales for the year of $166,569 and cost of goods sold of $94,600.The firm carries an average inventory of $21,100 and has an average accounts payable balance of $19,600.What is the inventory period?

• A)89.02 days
• B)81.41 days
• C)31.29 days
• D)60.20 days
• E)81.06 days

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Definitions:

Ova

The female reproductive cells or eggs in animals and plants, which when fertilized by male gametes, lead to reproduction.

Sperm

The male gamete or reproductive cell involved in sexual reproduction, which can fertilize the female ovum.

Androgen

A type of hormone that plays a role in male traits and reproductive activity; present in both males and females, but in significantly higher levels in males.

Gender-related Behavior

Actions, practices, or behaviors that society considers appropriate for men and women based on their biological sex.