Based on the Following Data for the Current Year, What

question 118

Multiple Choice

Based on the following data for the current year, what is the number of days' sales in inventory? $$\begin{array} { l r } \text { Sales on account during year } & \$ 1,204,500 \\\text { Cost of goods sold during year } & 657,000 \\\text { Accounts receivable, beginning of year } & 75,000 \\\text { Accounts receivable, end of year } & 85,000 \\\text { Inventory, beginning of year } & 85,600 \\\text { Inventory, end of year } & 98,600\end{array}$$

• A) 51.2
• B) 44.4
• C) 6.5
• D) 7.5

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Definitions:

Topography

The detailed mapping or description of the features of a place or region, especially in relation to its natural and built environment.

Vicious Circle

A complex chain of events that reinforces itself through a feedback loop, leading to a detrimental situation.

Poverty

The state of having inadequate income or resources to achieve a minimum standard of living.