Use the Following Information Regarding Black Company and Red Company

question 151

Multiple Choice

Use the following information regarding Black Company and Red Company to answer the question "Which amount is equal to Black Company's "days in inventory" for 2017 (to the closest decimal place) ?" $\begin{array}{|l|c|c|c|} \hline& \text { Year } & \begin{array}{c}\text { Inventory } \\\text { Turnover }\end{array} & \text { Ending Inventory } \\\hline \text { Black Company } & 2015 & & \$ 26,340 \\\hline & 2016 & 8.7 & \$ 29,890 \\\hline & 2017 & 8.4 & \$ 30,100 \\\hline\end{array}$

$\begin{array}{|l|l|l|l|}\hline \text { Red Company } & 2015 & & \$ 25,860 \\\hline & 2016 & 7.0 & \$ 24,750 \\\hline & 2017 & 7.5 & \$ 22,530 \\\hline\end{array}$

• A)43.5 days
• B)52.1 days
• C)48.7 days
• D)42.0 days

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Definitions:

Environmental Response

The reaction or adaptation of an entity (individual, community, or organization) to changes in its environmental conditions.

Monitoring Behaviours

The process of observing and assessing individuals' actions or performance to ensure conformity with standards or expectations.

Extinction Strategies

Methods used to phase out or discontinue products, services, or practices that are no longer beneficial or relevant.

Desirable Behaviour

Actions or reactions of an individual or group that are seen positively by a society or organization, often encouraged to maintain or promote harmony and efficiency.