-Refer to the Data for Computech Industries

question 147

Multiple Choice

-Refer to the data for Computech Industries.
Based on this information, what is Computech's number of days' sales in inventory assuming a 360 day year) ?

• A)132 days
• B)216 days
• C)1,091 days
• D)120 days

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Definitions:

Treasury Shares

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the financial market but not considered when calculating earnings per share or dividends.

MBCA

Stands for the Model Business Corporation Act, which is a template law designed to standardize and regulate the formation and operation of corporations across the United States.

Limited Voting Rights

Voting rights that are restricted in some manner, such as being allowed only under certain conditions or only applying to specific matters.

Treasury Shares

Shares that were once issued and outstanding but were later purchased back by the issuing company, reducing the amount of outstanding stock.