Wangley Company Has an Inventory Turnover of 8

question 6

Multiple Choice

Wangley Company has an inventory turnover of 8.Which statement is true?

• A)Wangley has about 2 months of sales in its inventory.
• B)Wangley takes about 46 days from the time an item is sold until Wangley collects the cash.
• C)Wangley takes about one month from the time an item is purchased until the cash is collected from the sale of the inventory.
• D)Wangley sells it inventory 8 times faster than other companies.

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