Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which statement about inventory (stock) days is correct? (which one) a. stock days refers to the average time it takes to sell inventory (stock) or
Which statement about inventory (stock) days is correct?
(which one)
a. "stock days" refers to the average time it takes to sell inventory (stock) or products
b. "stock days" refers to the average time it takes to sell inventory (stock) and collect cash from those sales
c. the more quickly a business converts its inventory (stock into sales, the more supporting financing it needs.
d. "stock days" refers to the average time it takes to collect cash from the sale of inventory (stock) items
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started