Multiple Choice
Use the following information to answer the question(s) below:
Rearden Metal (RM) had $120 million in sales in 2019.Its cost of goods sold was $85 million,and its average inventory balance was $15 million.
-The average number of inventory days outstanding for Rearden is closest to:
A) 6 days.
B) 8 days.
C) 37 days.
D) 64 days.
Correct Answer:
Verified
Correct Answer:
Verified
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