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:

Lens

A transparent structure in the eye that focuses light onto the retina to create clear images.

Lens

A transparent optical device used to converge or diverge transmitted light and to form images.

Round

Having a shape or cross-section that is circular or nearly circular; often used to describe objects or shapes.

Close Objects

Objects that are situated near to one another in spatial terms.