Kaufman's Department Store Had Net Sales of $20 Million and Cost

question 110

Multiple Choice

Kaufman's Department Store had net sales of $20 million and cost of goods sold of $14 million for the year. The average inventory for the year was $4 million. What was the average number of days in inventory?

• A) 46
• B) 104
• C) 92
• D) 52

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Definitions:

Weapons of Mass Destruction

Weapons capable of causing widespread and severe damage, including nuclear, chemical, and biological weapons.

U.S. Forces

The combined military, naval, and air forces of the United States, responsible for national defense and participation in international conflicts.

Baghdad

The capital city of Iraq, with a rich history as a center of learning and culture, historically known as one of the greatest cities of the Muslim world during the Islamic Golden Age.

Invasion of Iraq

Refers to the 2003 military action led by the United States and its allies to remove Saddam Hussein from power.