Use the Following Information for Ephron Company to Compute Days

question 139

Multiple Choice

Use the following information for Ephron Company to compute days' sales in inventory for Year 2.(Use 365 days in a year.)

• A)52.4
• B)82.3
• C)50.5
• D)76.8
• E)79.3

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Definitions:

Disposable Income

Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for.

Frequency Distribution

An overview of how often each value in a set of data occurs, typically represented in a table or graph.

Sigma Notation

A symbol used in mathematics to represent the sum of a sequence of terms defined by an expression.

Median

A statistical measure representing the middle value in a sorted list of numbers, where half the numbers are above and half are below.