If Vito,Inc

question 174

Multiple Choice

If Vito,Inc.has an inventory turnover ratio of 5 times,its days to sell must be:

• A) 73 days.
• B) 73 times per year.
• C) 14 days.
• D) 14%.

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Definitions:

Economy

Represents the system of production, distribution, and consumption of goods and services within a specific region or country.

Efficiency

Efficiency in economics means the optimal allocation of scarce resources to meet the desired objectives, minimizing waste and maximizing value.

Economy

A broad term that encompasses all activities related to the production, consumption, and trade of goods and services in an area or country.

Partial Equilibrium

A concept in economic analysis that examines the equilibrium condition in a single market or sector without considering interactions with other markets or sectors.