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 2009. Its cost of goods sold was $85, and its average inventory balance was $15 million.
-1. 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:

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one's role or duty.

Ghost

The supposed spirit or soul of a dead person believed by some to appear to the living as a shadowy or indistinct image.

Joining Ancestors

A phrase often used to describe the death of an individual, suggesting they have reunited with deceased family members in the afterlife.

Ulithi

An atoll in the Caroline Islands of the western Pacific Ocean, known for its strategic location and cultural significance.