Calculate C Co's Inventory Turnover Ratio and the Days' Sales

question 74

Multiple Choice

Calculate C Co's inventory turnover ratio and the days' sales in inventory for 2012.

• A) 6.11 times and 59.7 days
• B) 5.89 times and 62.0 days
• C) 18.41 times and 19.8 days
• D) 5.58 times and 65.4 days

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Definitions:

Implicit memory

Unconscious memory uses past experiences to remember things without thinking about them.

Autobiographical memory

The aspect of memory that involves the recollection of personal experiences and events in one's life.

Explicit memory

A type of long-term memory that involves conscious recollection of specific facts and events that can be verbally stated.

Implicit memory

A type of long-term memory that enables us to perform tasks without conscious awareness of these previous experiences.