Gateway Corp

question 5

Multiple Choice

Gateway Corp. has an inventory turnover ratio of 5.6. What is its day's sales in inventory? Round your final answer to nearest day.

• A) 65 days
• B) 64 days
• C) 61 days
• D) 57 days

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Definitions:

Exchange Tactic

A strategy used in negotiations or interactions where one party offers something in return for something from the other party, emphasizing reciprocity.

Domination

The exercise of control or influence over someone or something, often in a manner that restricts freedom or autonomy.

Influence

The capacity to affect the character, development, or behavior of someone or something, or the effect itself.

Attrition

The process of reducing the workforce through voluntary or involuntary departures, not including layoffs due to external factors.