SRC, Inc, Sells Its Inventory in an Average of 43 Days

question 87

Multiple Choice

SRC, Inc., sells its inventory in an average of 43 days and collects its receivables in 3.6 days, on average.What is the inventory turnover rate? Assume a 365-day year.

• A)8.49
• B)7.29
• C)8.68
• D)10.18
• E)7.13

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Definitions:

Muscle

Tissue in the body composed of fibers capable of contracting to produce movement or maintain the position of parts of the body.

Visceral Pericardium

The innermost layer of the pericardium that lies directly on top of the heart; also known as the epicardium.

Fibrous Pericardium

The tough, outer layer of the pericardium that encloses the heart and roots of the great blood vessels, providing protection and anchorage.

Parietal Pericardium

The layer on top of the visceral pericardium.