Solved

Data on Shin Inc

question 115

Multiple Choice

Data on Shin Inc. for 2008 are shown below, along with the inventory conversion period (ICP) of the firms against which it benchmarks. The firm's new CFO believes that the company could reduce its inventory enough to reduce its ICP to the benchmarks' average. If this were done, by how much would inventories decline? Use a 365-day year. Data on Shin Inc. for 2008 are shown below, along with the inventory conversion period (ICP) of the firms against which it benchmarks. The firm's new CFO believes that the company could reduce its inventory enough to reduce its ICP to the benchmarks' average. If this were done, by how much would inventories decline? Use a 365-day year. A) $ 7,316 B) $ 8,129 C) $ 9,032 D) $10,036 E) $11,151

Definitions:

Blastocyst

An early stage of embryonic development consisting of a sphere made up of an outer layer of cells, a fluid-filled cavity, and a cluster of cells inside (the inner cell mass) from which the embryo develops.

Fallopian Tubes

A pair of narrow tubes that transport eggs from the ovaries to the uterus, playing a crucial role in the process of fertilization.

Morula

An early stage in the embryonic development that resembles a mulberry, formed from the division of a zygote.

Chlamydia

A common bacterial STI caused by bacterium Chlamydia trachomatis that can lead to PID in women.