Multiple Choice
A firm has an average age of inventory of 101 days, an average collection period of 49 days, and an average payment period of 60 days. The firm's inventory turnover is ________.
A) 3.2
B) 4.0
C) 2.5
D) 3.6
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q80: The turnover of accounts receivable can be
Q81: Net working capital can be defined as
Q86: Improvements to cash management include all of
Q87: The costs associated with inventory can be
Q90: A firm's credit terms specify the minimum
Q132: Controlled disbursing is a method of consciously
Q199: A popular extension of materials requirement planning
Q224: Eurodollar deposits are deposits of currency that
Q239: Nonmanufacturing firms are more likely to have
Q306: The most stringent step in the collection