For 2022, Superplus Inc

question 32

Multiple Choice

For 2022, Superplus Inc.reported $48,000 beginning inventory and $52,000 ending inventory.Sales were $320,000 and gross profit was $110,000 for the same period.Based on these figures, days in inventory for 2022 was

• A)59 days.
• B)87 days.
• C)57 days.
• D)83 days.

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Definitions:

Adult Hemoglobin

A type of hemoglobin that is predominant in adults, consisting of two alpha and two beta chains, and responsible for transporting oxygen from the lungs to the rest of the body.

Oxygen Affinity

The tendency of a molecule, such as hemoglobin, to bind with oxygen. A higher affinity means oxygen is more tightly held.

Blood Chemistry

The analysis of chemical components in the blood, often used to diagnose conditions and assess organ function.

Diagnostic Blood Test

A medical test performed on a blood sample to determine the presence of diseases, conditions, or infections.