The Green Fiddle Has Current Liabilities of $28,000, Sales of $156,900

question 82

Multiple Choice

The Green Fiddle has current liabilities of $28,000, sales of $156,900, and cost of goods sold of $62,400. The current ratio is 1.22 and the quick ratio is .71. How many days on average does it take to sell the inventory?

• A) 128.13 days
• B) 74.42 days
• C) 199.81 days
• D) 147.46 days
• E) 83.53 days

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Definitions:

Lab Observations

The process of watching subjects in a controlled environment to gather data, often used in experimental studies.

Person-Situation Interaction

The theoretical analysis of how people behave in different situations and how personal characteristics interact with situational factors to influence behavior.

People Change

Refers to the concept that individuals have the capacity to alter their behaviors, beliefs, or personality traits over time due to various influences such as experiences, education, or therapy.

Pleasant Situations

Scenarios or environments that induce feelings of happiness, satisfaction, or enjoyment.