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Weller, Inc

question 162

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Weller, Inc. provided the following particulars for 2017: 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.)  A)  208.57 days B)  106.41 days C)  101.96 days D)  104.29 days 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.)


Definitions:

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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