If Average Inventory Is $225 000,total Credit Sales Is $1

question 3

Multiple Choice

If average inventory is $225 000,total credit sales is $1 200 000 and cost of sales is $980 000,the days inventory turnover is (round your answer up to the next full number of days) :

• A) 69 days.
• B) 84 days.
• C) 23 days.
• D) 19 days.

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Definitions:

Reasonable Buyer

A hypothetical person in the marketplace considered to be adequately informed, cautious, and not under any pressure to make a purchase.

Defects

Flaws or imperfections in products, property, or legal documents that can affect value or functionality.

Leasehold

A type of property interest that allows the leaseholder (tenant) to use and occupy land or property for a certain time, as dictated by a lease agreement.

Emergencies

Urgent situations that require immediate action due to a threat to health, life, property, or environment.