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:

Cognitive Theory

A theory of psychology that emphasizes internal states, such as knowledge, thought processes, and mental imagery, as key elements in understanding behavior.

Modeling

A method used in learning that involves observing and imitating others' behaviors.

Critical Periods

denote specific times during an organism's life when it is particularly susceptible to certain stimuli or experiences, which can have a significant impact on future development.

Multi-Directional Nature

The concept that development or change can occur in many different directions and is not linear.