Given the Following Data: Sales = 3200; Cost of Goods

question 44

Multiple Choice

Given the following data: Sales = 3200; Cost of goods sold = 1600; Average total assets =
1600; Average inventory = 200, calculate the days in inventory:

• A) 18.3
• B) 45.6
• C) 22.8
• D) None of the above

---

Definitions:

George Ritzer

An American sociologist known for his work on consumer culture, globalization, and the concept of McDonaldization.

"Nonplaces"

Refers to spaces created for transitory purposes, such as airports and supermarkets, lacking significant identity or social interactions.

Grobalization

A term coined to describe the process of cultures or businesses absorbing influences from others and becoming more similar globally, often driven by capitalist markets.

Globalization

The process by which businesses, cultures, and societies become more interconnected and interdependent through trade, technology, and cultural exchange.