Reference no: EM13828276

Problem:

1. Financial planning, when properly executed:

a. Ignores the normal constraints encountered by a firm.
b. Ensures that the primary goals of senior management are fully achieved.
c. Reduces the necessity of daily management oversight of the business operations.
d. Helps ensure that proper financing is in place to support the desired level of growth.
e. Eliminates the need to plan more than one year in advance,

2. Mario's Home Systems has sales of $2,800, costs of goods sold of $2,100, inventory of $500, and accounts receivable of $400. How many days, on average, does it take Mario's to sell its inventory?

a. 65.2 days
b. 85.2 days
c. 86.9 days
d. 96.9 days
e. 117.3 days

Additional Information:

These multiple choice questions is from Finance. The first question is about properly executed financial planning as well as the second question is about computing the number of days of inventory turnover.