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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