单选题 An analyst has gathered the following information about a company: Cost of goods sold equals 65 percent of sales
Inventory of $ 450000
Sales of $ 1 million
What is the value of this firm" s average inventory processing period using a 365-day year?
【正确答案】 C
【答案解析】COGS =0.65×$1000000=$ 650000.
Inventory turnover = CGS/Inventory = $ 650000/$ 450000 = 1.4444.
Average Inventory Processing Period = 365/1.4444 = 252.7 days.