Data on Shin Inc for Last Year Are Shown Below,along

question 105

Multiple Choice

Data on Shin Inc for last 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.Do not round your intermediate calculations. ​

• A) $11,879
• B) $11,285
• C) $12,949
• D) $12,711
• E) $12,236

---

Definitions:

Adjust

To change something slightly in order to make it fit, work better, or be more suitable.

Homophobia

The fear, hatred, discomfort with, or mistrust of people who are gay, lesbian, or bisexual.

Homophobia

is the fear, hatred, or prejudice against homosexual people, often leading to discrimination and social exclusion.

Mistrust

The lack of trust or confidence in someone or something due to suspicions or negative past experiences.