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Weller, Inc. provided the following particulars for 2017: Calculate the average number of days that inventory was held by Weller, Inc. during 2017. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)
Maturing Obligations
Debts or promises due to be settled or fulfilled within a short timeframe, usually within the next fiscal year.
Receivables Turnover
A financial ratio that measures the efficiency of a company in collecting its accounts receivable or the speed at which it turns its receivables into cash.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating its efficiency in managing and selling stock.
Liquidity
The ease with which an asset can be converted into cash without significantly affecting its market price.
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