Multiple Choice
Which of the following is the best explanation of a company's inventory turnover of 12.0 for the year 2013?
A) the company averages about 12 months' sales in inventory.
B) The company averages about 12 days' sales in inventory.
C) The company averages about one month's sales in inventory.
D) The company averages about 12 days from the time an item is sold until the cash is collected.
E) None of the answer choices is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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