Refer to the Following Selected Financial Information from Fennie's, LLC

question 74

Multiple Choice

Refer to the following selected financial information from Fennie's, LLC. Compute the company's days' sales in inventory for Year 2.

• A) 43.9.
• B) 42.3.
• C) 46.2.
• D) 80.0.
• E) 113.3.

---

Definitions:

Labor

The effort exerted by humans, encompassing both mental and physical activities, to create goods and services.

Machines

are mechanical or electronic devices that perform tasks, either automatically or with human input.

Short-Run Total Cost

The total of all costs, both fixed and variable, involved in the production of goods or services in the short run.

Production Function

This concept describes the relationship between inputs used in production and the resulting output.