Cora Operation Has an Inventory Turnover of 121 and a Receivables

question 129

Multiple Choice

Cora Operation has an inventory turnover of 121 and a receivables turnover of 36. This means that it takes _____ days for the firm to sell its inventory and collect payment for that sale.

• A) 2.32
• B) 4.29
• C) 11.86
• D) 13.16
• E) 14.09

---

Definitions:

Attending College

The act of enrolling in and going to a college or university to pursue higher education.

Short-Run Effects

Immediate or temporary outcomes of a policy or economic change that manifest before long-term adjustments can take place.

Quantity Of Money

The total amount of money (cash, coins, and bank deposits) in circulation within an economy.

Tradeoffs

Refers to the concept in economics that by choosing one option, another option is foregone.