Based on the Following Data for the Current Year, What

question 101

Multiple Choice

Based on the following data for the current year, what is the number of days' sales in inventory?

• A) 51.2
• B) 44.4
• C) 6.5
• D) 7.5

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Definitions:

Computerized Accounting System

A software system that is used for processing accounting transactions and managing accounts with minimal manual input.

Title

The legal right to own or possess something, such as property or a title to a vehicle, representing ownership and legal possession.

Normal Balances

The side (debit or credit) of an account that is expected to increase, consistent with the principles of double-entry bookkeeping.

Assets

Economic resources owned or controlled by a business or individual, capable of producing value.