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ALT Had $25 Million in Sales Last Year

question 91

Multiple Choice

ALT had $25 million in sales last year. Its cost of goods sold was $15 million and its average inventory balance was $3 million. What was its average days of inventory?


Definitions:

Performance Threat

A situation in which something is obviously wrong or has the potential to go wrong.

Performance Deficiency

A situation where an individual's work performance falls below the required standard or expectation.

Actual Performance

Refers to the real, observed output, results, or accomplishments of an individual or organization, as opposed to expected or theoretical performance.

Input Standards

Benchmark or criteria used to measure the quality, quantity, or performance of inputs used in a process.

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