Use the Table for the Question(s)below

question 89

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:

-Luther Corporation's total sales for 2012 were $610.1, and gross profit was $109.0. Inventory days for 2012 is closest to:

• A)27.5
• B)33.4
• C)153.7
• D)10.9

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Definitions:

Cultural Assimilation

The process in which individuals from a minority group gradually adopt the customs, attitudes, and cultural practices of the dominant societal group.

Operational

Relates to the daily functions and activities required for the running of a business or execution of a process, focusing on efficiency and effectiveness.

Financial

Pertaining to the management of money, assets, or investments by individuals, organizations, or governments.

Strategic

Pertaining to the identification of long-term or overall aims and interests and the means of achieving them through careful planning and allocation of resources.