Multiple Choice
Asset Management Ratios Rachets R Us Corp.reported sales for 2013 of $200,000.Rachets R Us listed $25,000 of inventory on its balance sheet.Using a 365-day year,how many days did Rachets R Us's inventory stay on the premises? How many times per year did Rachets R Us's inventory turnover?
A) 0.125 days, 8 times, respectively
B) 0.125 days, 5 times, respectively
C) 45.625 days, 8 times, respectively
D) 45.625 days, 5 times respectively
Correct Answer:
Verified
Correct Answer:
Verified
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