ALT Had $25 Million in Sales Last Year

question 5

Multiple Choice

ALT had $25 million in sales last year.Its cost of goods sold was $15 million and its average inventory balance was $3 million.What was its average days of inventory?

• A)43.8 days
• B)36.5 days
• C)73.0 days
• D)9.1 days
• E)23.7 days

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Definitions:

Repair Process

A series of actions taken to fix or restore a broken or damaged item to a condition where it can perform its intended function again.

Fast Food Restaurant

A specific type of restaurant that serves quick-service food, often prepared in large quantities ahead of time and kept hot for fast serving.

Customers Arrive

Refers to the process or event when customers enter a business establishment or engage with a service.

Poisson Distribution

A quantified probability distribution highlighting the chances of a particular amount of events taking place in a fixed interval of space or time.