Delmar Company Had Beginning Inventory of $90,000, Ending Inventory of $110,000

question 215

Multiple Choice

Delmar Company had beginning inventory of $90,000, ending inventory of $110,000, cost of goods sold of $600,000, and sales of $960,000. Delmar's days in inventory is:

• A) 38.0 days.
• B) 54.3 days.
• C) 60.8 days.
• D) 67.5 days.

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Definitions:

Value-Based Management

A management approach that ensures companies are managed consistently on value maximization, focusing on creating shareholder value over time.

Observable Culture

The visible elements of an organization's culture, such as behaviors, language, rituals, and symbols, that can be seen and experienced by members and outsiders.

Core Beliefs

Fundamental principles or values that are deeply ingrained in an individual's or organization's identity and guide behavior and decision-making.

Environmental Concerns

Issues related to the impact of human activity on the planet, including pollution, climate change, and resource depletion.