The Grocery Chain (GC)reported an Average Inventory of $349,589 in Its

question 4

Multiple Choice

The Grocery Chain (GC) reported an average inventory of $349,589 in its last annual report.If GC's annual Cost of Goods Sold was $5,800,000,approximately how many days did GC hold its inventory?

• A) 30 days
• B) 15 days
• C) 97 days
• D) 22 days

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Definitions:

Interview Method

is a qualitative research technique that involves direct questioning of participants to obtain data about their beliefs, attitudes, experiences, or behavior.

Objective Research

A method of inquiry that seeks to collect and analyze data without bias, focusing on observable phenomena and facts.

Partial Picture

An incomplete or fragmented view of something, lacking full understanding or comprehensive details.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, indicating an inverse relationship.