Devin Inc Has an Inventory Turnover Ratio of 35

question 76

Multiple Choice

Devin Inc. has an inventory turnover ratio of 35. Devin's average number of day's inventory is:

• A)Less than 10.
• B)Between 10 and 12.
• C)More than 12.
• D)Unable to be determined based on this limited information.

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Definitions:

Significant Figures

The number of digits in a number that are considered to contribute to the accuracy of that number, reflecting the precision of a measurement.

Significant Figures

The digits in a number that are known with certainty plus the first digit that is uncertain, relevant in scientific measurements.

Length Measurements

The determination of the extent of something from end to end, typically in units such as meters, inches, or miles.

Significant Figures

The number of digits in a value, counting from the first non-zero number, that are used to express the precision of measurements and calculations.