Saw Ltd's Inventory at 30 June 2016 It Was $20

question 23

Multiple Choice

Saw Ltd's inventory at 30 June 2016 it was $20 000.Sales for the year ended 30 June 2016 were $125 000 and the gross margin was 20 per cent.
-What was the number of days' inventory on hand?

• A) 73 days
• B) 69.5 days
• C) 64 days
• D) 50 days

---

Definitions:

Negotiation Process

The series of steps or stages involved in attempting to reach an agreement between two or more parties with differing objectives.

Outline Goals

Preliminary or skeletal goals that provide a general direction without detailing the steps necessary to achieve them.

Merger

The combination of two or more companies into a single entity, with the aim of enhancing competitiveness or expanding market share.

Conciliator

A neutral third party who is informally assigned to persuade opponents to communicate.