Data on Shin Inc for 2011 Are Shown Below, Along

question 72

Multiple Choice

Data on Shin Inc for 2011 are shown below, along with the inventory conversion period (ICP) of the firms against which it benchmarks. The firm's new CFO believes that the company could reduce its inventory enough to reduce its ICP to the benchmarks' average. If this were done, by how much would inventories decline? Use a 365-day year.

• A) $ 7,316
• B) $ 8,129
• C) $ 9,032
• D) $10,036
• E) $11,151

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Definitions:

Idealizations

The process of envisioning or treating something in an ideal form, often ignoring the realities or imperfections.

Culture

The sum total of the social behaviors, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the members of a society.

Shared Meanings

Shared meanings refer to the common understanding or interpretation of symbols, language, or behaviors amongst members of a particular group or society.

Material Culture

Physical objects, resources, and spaces that people use to define their culture, including homes, clothing, tools, and artworks.