Multiple Choice
On average,Bragg Inc.has sales of $2,000,000 per month.It keeps inventory equal to 50% of its monthly sales on hand at all times.Based on using a 365-day year,what is the inventory conversion period?
A) 11.7
B) 13.0
C) 14.4
D) 15.2
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: Generally,the longer the normal inventory holding period
Q83: If a firm fails to take trade
Q84: Gonzales Company currently uses maximum trade credit
Q85: While the maturity of most bank loans
Q86: Carroll & King Corporation has $5 million
Q88: A revolving credit agreement is a formal
Q89: Which statement concerning commercial paper is NOT
Q90: What is the purpose of the cash
Q91: The effect of compensating balances is to
Q92: Other things held constant,which strategy would tend