Days to Sell Is Calculated As

question 69

Multiple Choice

Days to sell is calculated as:

• A) Ending inventory divided by Sales.
• B) Cost of goods sold divided by Ending inventory.
• C) 365 divided by Inventory turnover ratio.
• D) Cost of goods sold divided by Average inventory.

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Definitions:

Corporate Governance

The set of rules, practices, and processes used to direct and manage a corporation, aiming to balance the interests of various stakeholders.

Bylaws

The set of rules and regulations that govern the internal management of an organization or corporation.

Indenture Provisions

Legal and financial terms and conditions included in the agreement of a bond issue.

Working Capital Manager

A professional responsible for managing a company's short-term assets and liabilities to ensure sufficient liquidity for daily operations.