SQC IncHad Sales of $3,000,000, Cost of Merchandise Sold of $2,100,000

question 88

Multiple Choice

SQC Inc.had sales of $3,000,000, cost of merchandise sold of $2,100,000, and average inventory of $140,000.What is SQC Inc.'s days' sales in inventory? (Round the answer to the nearest whole number.)

• A) 24 days
• B) 17 days
• C) 15 days
• D) 30 days

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Definitions:

Damages

Monetary compensation awarded by a court to indemnify harm or loss suffered.

Diving Equipment

Tools and gear used for underwater diving adventures, including items like masks, fins, and oxygen tanks.

South African Law

The legal system governing the Republic of South Africa, encompassing its statutes, case law, and legal principles.

Reasonable Care

The degree of caution and concern an ordinarily prudent and rational person would use in similar circumstances.