Misty Mountain Outfitters Is a Merchandiser of Specialized Fly Fishing

question 109

Multiple Choice

Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for Year 2 was $1,838,600, and sales were $2,831,300. The amount of merchandise on hand was $489,000, and total assets amounted to $2,924,200. What is the average number of days to sell inventory? (Do not round your intermediate calculations. Use 365 days in a year. Round to the nearest day.)

• A)97 days
• B)63 days
• C)61 days
• D)180 days

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Definitions:

Natural Selection

The process by which biological traits become either more or less common in a population as a function of the effect of inherited traits on the differential reproductive success of organisms interacting with their environment.

Group Living

The phenomenon where individuals of a species live closely together in communities or social groups for mutual benefit.

Visual Communication

The conveyance of ideas and information in forms that can be seen, such as signs, typography, drawing, graphic design, illustration, color, and electronic resources.

Fiddler Crabs

Small crabs known for their sexually dimorphic claws, where males have one large claw used for communication and territorial disputes.