Using the Information Below, Compute the Days' Sales in Raw

question 144

Multiple Choice

Using the information below, compute the Days' sales in raw materials inventory: $\begin{array}{lr}\text { Raw Materials Used } & \$ 85,500 \\\text { Beginning Raw Materials Inventory } & 8,000 \\\text { Ending Raw Materials Inventory } & 9,000\end{array}$

• A) 9.94.
• B) 36.3.
• C) 38.4.
• D) 10.06.
• E) 11.02.

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Definitions:

Corporate Stock

Equity securities issued by corporations, representing ownership in the company and rights to its profits.

Public

The general population or community at large, often referenced in the context of public services, spaces, or interests.

Goodwill

An intangible asset representing the value of a business's brand, customer base, reputation, and other non-physical factors.

Company Name

The legally registered name under which a business operates and is recognized.