How many days on average does it take firm to sell inventory

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Reference no: EM131978900

1. Your older sister deposited $5,500 today at 8.2% annual interest. How much will she have in four years?

a. $7,399.05

b. $7,201.80

c. $7,489.84

d. $7,414.92

e. $7,538.27

2. Ajax Motors has sales of $482,800, cost of goods sold of $297,400, inventory of $169,600, and accounts receivable of $52,900. How many days, on average, does it take the firm to sell its inventory?

a. 65.27 days

b. 85.20 days

c. 208.15 days

d. 128.22 days

e. 284.67 days

Reference no: EM131978900

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