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?

A、

A. 117 days.
B、

B. 94 days.
C、

C. 252.7 days.

【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.