[The Following Information Applies to the Questions Displayed Below

question 131

Multiple Choice

[The following information applies to the questions displayed below.]
Given below are comparative balance sheets and an income statement for Eleva Corporation.
All sales were made on account.Cash dividends declared during the year totaled $22,984.
-Eleva Corporation's days to sell the average inventory for 2018 is:

• A)91.5 days.
• B)67.3 days.
• C)94.0 days.
• D)125.4 days.

---

Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of a business.

Operating Cash Inflows

The money received by a company from its operational activities, such as sales revenue, during a specific period.

Discount Rate

In finance, the rate used to calculate the present value of future cash flows, reflecting the risk and time value of money.

Salvage Value

This refers to the projected remaining worth of an asset upon reaching the conclusion of its operational lifespan.