What Is the Inventory Period for a Firm with an Annual

question 114

Multiple Choice

What is the inventory period for a firm with an annual cost of goods sold of $8 million,$1.5 million in 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

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Definitions:

Sexual Identity

An individual's identification with certain sexual orientations or preferences, often forming part of their overall identity.

Family Support Policies

Government or organizational policies designed to support families through financial aid, healthcare, parental leave, and other means.

Welfare Dependency

A situation where individuals or families rely on government welfare support for their income over an extended period, often debated in terms of social policy and economic impact.

Childcare

The care and supervision of a child or children, typically from infancy to adolescence, by a person other than the child's legal guardians.