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:

Preserved Meats

Meats that have been treated by curing, smoking, salting, or adding preservatives to extend shelf life and prevent spoilage.

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A type of cancer that occurs in the colon or rectum, part of the digestive tract, and is often detectable by screening methods like colonoscopy.

Vitamin Supplements

Products intended to add nutritional value to the diet that may contain one or more vitamins, minerals, herbs, amino acids, and other substances.

High-Protein Diet

A diet that focuses on a higher intake of proteins, often used for muscle building, weight loss, or as part of certain medical dietary protocols.