Helium Corp

question 90

Multiple Choice

Helium Corp. provides the following information for 2020 and 2021: To one decimal, Helium's days payable outstanding for 2021 is

• A) 43.6 days.
• B) 46.2 days.
• C) 47.2 days.
• D) 48.7 days.

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Definitions:

Raw Materials Inventory

The total cost of all the materials that are used in the production of finished goods that have not yet been used.

Inventory Turnover

A financial ratio that measures how often a company's inventory is sold and replaced over a certain period, indicating the efficiency of inventory management.

Net Income

The company's financial gain remaining after deducting all expenses and tax liabilities from its revenue.

Calculate

To determine mathematically the amount or number of something, often involving the use of specific formulas or models.