Savory Thymes, Inc

question 158

Multiple Choice

Savory Thymes, Inc.had net credit sales of $9,000,000 and cost of goods sold of $5,250,000 for the year.The average inventory for the year amounted to $1,250,000.The average days in inventory during the year was approximately

• A)51 days.
• B)65 days.
• C)70 days.
• D)87 days.

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Definitions:

Parathyroid

Small glands located on the thyroid gland in the neck that produce parathyroid hormone, which regulates calcium levels in the blood.

Follicle-Stimulating Hormone

A hormone released by the anterior pituitary gland that stimulates the growth of egg-containing follicles in females and sperm production in males.

FSH

Follicle-Stimulating Hormone, a hormone involved in the reproductive processes of both males and females, including the maturation of ovarian follicles and sperm production.

Pituitary

A small gland at the base of the brain responsible for regulating vital body functions and general wellbeing through hormone secretion.