In 2015, Hidey Company Had Average Inventory of $86,000

question 21

Multiple Choice

In 2015, Hidey Company had average inventory of $86,000. The 2015 income statement showed net sales of $2,200,000 and gross profit of $420,000. In 2014, it was taking the company approximately 30 days to sell its inventory.
-In 2015, the company's days sales in inventory

• A) improved.
• B) deteriorated.
• C) remained unchanged.
• D) More information is needed to make this determination.

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The responsibility or obligation to manage something or to oversee someone.

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Providing pleasure or delight; pleasing in nature.

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Oversimplified, generalized beliefs or ideas about a group of people, based on assumptions about traits, behaviors, and roles.