Asked by Abdul Rahman Aljajah on Apr 25, 2024
What was the average number of days to sell inventory? (Assume 365 days in a year. )
A) 165.9
B) 202.7
C) 182.5
D) 121.7
Days To Sell
An estimate of the average number of days it takes for a company to sell its inventory.
Inventory
A complete list of items such as property, goods in stock, or the contents of a building.
- Analyze inventory management efficiency through the inventory turnover ratio and average days to sell inventory.
Learning Objectives
- Analyze inventory management efficiency through the inventory turnover ratio and average days to sell inventory.