-Refer to the Following Selected Financial Information from Graceworks,Corp

question 145

Multiple Choice

$$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & { \text { Year 1 } } \\\hline \text { Merchandise inventory } & 271,000 & 253,500 \\\hline \text { Cost of goods sold } & 486,400 & 433,100 \\\hline\end{array}$$
-Refer to the following selected financial information from Graceworks,Corp.Compute the company's days' sales in inventory for Year 2.(Use 365 days a year.)

• A) 203.4.
• B) 228.4.
• C) 179.5.
• D) 215.1.
• E) 113.3.

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Definitions:

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most scores are near the average.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Raw Scores

The initial, unadjusted scores obtained directly from the number of questions answered correctly on an assessment or test.

Test-retest Reliability

The consistency of a test's results when the same individuals take the same test again after a period of time, measuring its stability over time.