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Question 7 On average, a firm sells R2 000 000 in merchandise a month. It keeps the inventory equal to half of its monthly sales

Question 7 On average, a firm sells R2 000 000 in merchandise a month. It keeps the inventory equal to half of its monthly sales on hand at all times. If the firm analyses its accounts using a 365-day year, what will the firm's average age of inventory (AAI) be? 1. 10.5 days. 15.2 days. 3. 30.3 days. 4. 182.5 days

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