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Which statement is true for wangley company

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Reference no: EM132602986

Question 1: Wangley Company has an inventory turnover of 8. Which statement is true?

Option 1: Wangley has about 2 months of sales in its inventory.

Option 2: Wangley takes about 46 days from the time an item is sold until Wangley collects the cash.

Option 3: Wangley takes about one month from the time an item is purchased until the cash is collected from the sale of the inventory.

Option 4: Wangley sells it inventory 8 times faster than other companies

Reference no: EM132602986

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