Excerpts from Stealth Company's December 31,2018 and 2017,financial Statements Are

question 49

Multiple Choice

Excerpts from Stealth Company's December 31,2018 and 2017,financial statements are presented below: Stealth Company's 2018 average days in inventory is (round intermediate calculations to two decimal places and final answer to one decimal place) :
$$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \\\hline \text { Accounts receivable } & \$ 40,000 & \$ 36,000 \\\hline \text { Inventory } & 28,000 & 36,000 \\\hline \text { Net sales } & 190,000 & 186,000 \\\hline \text { Cost of goods sold } & 114,000 & 108,000 \\\hline \text { Total assets } & 425,000 & 405,000 \\\hline \text { Total stockholders' equity } & 240,000 & 225,000 \\\hline \text { Net income } & 32,500 & 28,000 \\\hline\end{array}$$

• A)60.5 days.
• B)92.2 days.
• C)100.8 days.

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Definitions:

Corporate Culture

The shared values, beliefs, and practices that characterize an organization and influence its employees' behavior.

Organizational Commitment

The emotional attachment, identification, and involvement that an employee has with their organization and its goals.

Stakeholder Orientation

A business strategy that considers the interests and needs of everyone who has a stake in the company, including customers, employees, shareholders, and the community.

Feedback

A response provided to input or performance, often aimed at improvement or adjustment.