The 2013 and 2014 Partial Balance Sheets for Ottoman Industries

question 59

Multiple Choice

The 2013 and 2014 partial balance sheets for Ottoman Industries is shown below.
Sales revenue for Ottoman was $120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $82,400 for 2013 and $72,500 for 2014.
What is the average days to sell inventory for 2014?

• A) 133 days
• B) 137 days
• C) 141 days
• D) 146 days

---

Definitions:

Validity

Refers to the degree to which a test or instrument measures what it claims to measure.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Public Policies

Governmental laws and programs designed to promote the welfare of children and families.

Child Development

The physical, cognitive, emotional, and social growth that occurs from infancy through adolescence.