What Is the Inventory Period for a Firm with an Annual

question 111

Multiple Choice

What is the inventory period for a firm with an annual cost of goods sold of $8 million, $1.5 million in average inventory, and a cash conversion cycle of 75 days?

• A)6.56 days
• B)18.75 days
• C)53.33 days
• D)68.44 days

---

Definitions:

Margin of Error

The range within which the true value is expected to lie with a certain level of confidence, often used in survey results to indicate the precision of estimates.

Grade Point Averages

A numeric calculation, weighted by credit hours, of the mean of the grades received over a defined period, scaled typically from 0.0 to 4.0.

College Students

Individuals enrolled in institutions of higher education to pursue degree programs.

Sampling Distribution

Statistical probability distribution resulting from a random sampling.