Use the Following Information to Answer the Question(s)below

question 24

Multiple Choice

Use the following information to answer the question(s) below:
Rearden Metal (RM) had $120 million in sales in 2019.Its cost of goods sold was $85 million,and its average inventory balance was $15 million.
-The average number of inventory days outstanding for Rearden is closest to:

• A)6 days.
• B)8 days.
• C)37 days.
• D)64 days.

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Definitions:

Toxic Waste

Hazardous materials requiring careful disposal to protect human health and the environment.

Social Dumping

A practice where businesses move operations to countries with lower labor standards or wages to reduce costs, often criticized for exploiting workers and undermining labor rights.

Subsidies

Financial support extended to an organization, industry, or individual by a government to promote desirable activities or reduce costs.

U.S. Trade Policy

The regulations, laws, and strategies adopted by the United States to govern its international trade and achieve economic objectives.