Data on Liu Inc

question 109

Multiple Choice

Data on Liu Inc.for the most recent year are shown below, along with the inventory conversion period (ICP) of the firms against which it benchmarks.The firm's new CFO believes that the company could reduce its inventory enough to reduce its ICP to the benchmarks' average.If this were done, by how much would inventories decline? Use a 365-day year.

• A) $7, 316
• B) $8, 129
• C) $9, 032
• D) $10, 036
• E) $11, 151

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Definitions:

Mental Buying Process

The psychological stages a consumer goes through before making a purchase decision.

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Call Next Week

A directive or plan to contact someone or follow up on a matter in the subsequent week.