Question
Rearden Metal (RM) had $120 million in sales in 2009. Its cost of goods sold was $85, and its average inventory balance was $15 million.
Rearden Metal (RM) had $120 million in sales in 2009. Its cost of goods sold was $85, and its average inventory balance was $15 million. The average number of inventory days outstanding for Rearden is closest to:
| A.6 days | |
| B.8 days | |
| C.37 days | |
| D.64 days |
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
