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

question 26

Multiple Choice

Using the information below, compute the Days' sales in raw materials inventory: $\begin{array}{lr}\text { Raw Materials Used } & \$ 121,600 \\\\\text { Beginning Raw Materials Inventory } & 18,000 \\\text { Ending Raw Materials Inventory } & 20,200\end{array}$

• A) 54.0.
• B) 6.02.
• C) 6.37.
• D) 6.76.
• E) 60.6.

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Definitions:

Financial Markets

Financial institutions through which savers can directly provide funds to borrowers

Investment

The allocation of resources, often money, in the hope of generating an income or profit.

Real GDP

The measure of a country's gross domestic product adjusted for inflation, reflecting the value of all goods and services produced at constant prices.

Equity Finance

A method of raising capital through the sale of shares in a company, representing ownership interests in the corporation.