Asset Management Ratios Rachets R Us Corp

question 89

Multiple Choice

Asset Management Ratios Rachets R Us Corp.reported sales for 2013 of $200,000.Rachets R Us listed $25,000 of inventory on its balance sheet.Using a 365-day year,how many days did Rachets R Us's inventory stay on the premises? How many times per year did Rachets R Us's inventory turnover?

• A)0.125 days, 8 times, respectively
• B)0.125 days, 5 times, respectively
• C)45.625 days, 8 times, respectively
• D)45.625 days, 5 times respectively

---

Definitions:

Leaf Arrangement

The pattern or configuration in which leaves are distributed on the stem of a plant.

Node

A point in a plant where leaves, branches, or stems originate.

Trichomes

Hair-like outgrowths on the epidermis of plants, serving various functions such as reducing water loss and providing protection against herbivores.

Herbivores

Organisms that eat primarily plants or plant-based materials.