The Following Information Was Available for Pete Company at December

question 160

Multiple Choice

The following information was available for Pete Company at December 31, 2018: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's days in inventory in 2018 was

• A) 21.6 days.
• B) 25.9 days.
• C) 29.7 days.
• D) 33.5 days.

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Definitions:

Cardiac Muscle

Specialized muscle tissue found only in the heart, responsible for the heart's contractile force and continuous pumping action.

Neurotransmitter

Chemical messengers that transmit signals across a chemical synapse, from one neuron to another target neuron.

Cardiac Muscle

A specialized form of striated muscle found in the walls of the heart, responsible for pumping blood throughout the body.

Atrial

Pertaining to the atria, the two upper chambers of the heart that receive blood entering the heart.