The Following Data Were Taken from Castle, Inc

question 205

Multiple Choice

The following data were taken from Castle, Inc. What is (1) the inventory turnover ratio and (2) the number of days' sales in inventory for Castle Inc.

• A) (1) 11.46 times (2) 31.85 days
• B) (1) 10.52 times (2) 34.70 days
• C) (1) 9.72 times (2) 37.56 days
• D) (1) 10.53 times (2) 34.56 days

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Definitions:

Average Turnover

The average rate at which employees leave a company and are replaced over a certain period of time.

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A plan of action designed to achieve a long-term or overall aim within the competitive setting of an organization.

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