Multiple Choice
Bowa Construction's days sales outstanding is 50 days (on a 365-day basis) . The company's accounts receivable equal $100 million and its balance sheet shows inventory equal to $125 million. What is the company's inventory turnover ratio?
A) 5.84
B) 4.25
C) 3.33
D) 2.75
E) 7.25
Correct Answer:
Verified
Correct Answer:
Verified
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