Efficiency Ratio: Gateway Corp

question 54

Multiple Choice

Efficiency ratio: Gateway Corp. has an inventory turnover ratio of 5.6. What is the firm's days' sales in inventory?

• A) 65.2 days
• B) 64.3 days
• C) 61.7 days
• D) 57.9 days

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Definitions:

Syndesmosis

A type of fibrous joint in which bones are joined together by long collagen fibers, allowing for limited movement.

Cartilaginous Joint

A type of joint in the body where the bones are joined together by cartilage, allowing for limited movement.

Cartilaginous Joints

Joints where the bones are attached by cartilage, allowing more limited movement than a synovial joint.

Cartilage

A flexible connective tissue found in various parts of the body including the joints, rib cage, and ear, providing support and cushioning.