Use the Following Information Regarding Black Company and Red Company

question 160

Multiple Choice

Use the following information regarding Black Company and Red Company to answer the question "Which amount is equal to Black Company's "days in inventory" for 2022 (to the closest decimal place) ?" $$\begin{array}{l}\begin{array} { | l | c | c | c | } \hline & \text { Year } & \begin{array} { c } \text { Inventory } \\\text { Turnover }\end{array} & \text { Ending Inventory } \\\hline \text { Black Company } & 2020 & & \$ 26,340 \\\hline & 2021 & 8.7 & \$ 29,890 \\\hline & 2022 & 8.4 & \$ 30,100 \\\hline\\\hline \text { Red Company } & 2020 & & \$ 25,860 \\\hline & 2021 & 7.0 & \$ 24,750 \\\hline & 2022 & 7.5 & \$ 22,530 \\\hline\end{array}\end{array}$$

• A)43.5 days
• B)52.1 days
• C)48.7 days
• D)42.0 days

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Definitions:

Fearful Body Posture

A fearful body posture is a physical stance or expression adopted by an individual or animal indicating fear, anxiety, or preparation for defensive actions.

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A spontaneous expression of happiness or pleasure, typically involving both the mouth and eyes, indicating true enjoyment.

Fake Smile

A facial expression that simulates smiling without genuinely feeling emotions typically associated with happiness.

Biologically Based

Pertaining to traits, behaviors, or conditions that have a foundation in genetic or physiological characteristics.