Answer:
Any 2 of the following:
It is long, which means it has a very large surface area for absorption.
It has many folds which enlarges the surface area for maximum absorption of nutrients.
There are millions of villi and micro-villi which enlarge the surface area even further.
It has circular and longitudinal muscles responsible for the movement of food by peristalsis.
It has coiled tube that slows down the movement of food thereby increasing transit
time to ensure maximum absorption of nutrients.
As the CEO of your company, you can use only the planning and controlling functions to reach your organizational goals.
Select one:
O True
O False
Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use planning to to decide what long term strategies the company will use to achieve its goals. They have to use controlling to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use staffing to hire the best top level and middle level talents that can push the company forward. As management they have to use leading to get the employees inspired to move the company forward and finally they will use organizing to put the various processes in the company together to ensure that the company's goals are met.
When choosing a distraction channel, the impact it has on an offering's costs can significantly affect the Of the offering and how much consumers are willing to pay for it
Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.
Explanation:
Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.
Today the popular distribution channels among businesses include:
retailers,wholesalers,distributors, the Internet.Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.
Use "auto.Dta". The study claims that average price of foreign cars is more than average price of domestic cars. Check validity of this claim by using dataset. Explain and mention all steps that are necessary for decision.
Answer:
Yes.
Explanation:
Yes, the claim of statement ''The study claims that average price of foreign cars is more than average price of domestic cars.'' is correct because the cars which is imported from foreign countries have high duty on them. This duty tax on these cars make them very expensive while on the other hand, the domestic cars have no duty on it so they are lower in price as compared to foreign cars.
Speciation has occurred in a species population once ________.
a) One species migrates to a different geographical location than another species
b) Environmental conditions select certain individuals from one species to survive and reproduce
c) Individuals in the population cannot produce fertile offspring with other individuals in the population
d) One set of genetic traits are favored over another set of genetic traits in the same species
Answer:
a) One species migrates to a different geographical location than another species.
Explanation:
Taxonomy can be defined as the process of naming, classification and description of living organisms such as plants and animals. The eight (8) biological classification (taxonomy) used for grouping and organizing organisms are; kingdom, domain, phylum, family, order, class, species and genus.
Hence, taxonomy helps scientist to have a good understanding and knowledge when studying various organisms.
In taxonomy, species refers to the basic unit of naming that includes members such as mammals and reptiles with the ability to reproduce with each other to birth new offsprings and exchange genetic informations. Some examples of species include Homosapiens, Vulpes, Elephas maximus, Pinus banksiana, Alces laces, Ursus americans, Canis lupus, etc.
Speciation is considered to have occurred in a species population once one species migrates to a different geographical location than another species.
Accounts receivable f. The right to receive cash in the future from customers for goods sold or for services performed. 2. Other receivables e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. 3 Debtor b. The party who receives a receivable and will collect cash in the future. 4. Notes receivable c. A written promise to pay a specified amount of money at a particular future date. 5. Maturity date d. The date when the note receivable is due. 6. Creditor
Answer:
1. Account receivable.
2. Other receivables.
4. Notes receivable.
5. Maturity date.
Explanation:
1. Account receivable: the right to receive cash in the future from customers for goods sold or for services performed. Accounts receivable can be defined as an account which gives information about legally enforceable monetary claims that are to be recovered by a company from a customer who is yet to make payment.
2. Other receivables: a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future.
3. Debtor: the party who receives a receivable and will collect cash in the future.
4. Notes receivable: a written promise to pay a specified amount of money at a particular future date.
5. Maturity date: it is the date when the note receivable is due.
Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet choose the accounting period $ (in millions) Percent Assets Current assets $8,961 enter your answer in percentages rounded to 1 decimal place % Property, plant, and equipment (net) 1,957 enter your answer in percentages rounded to 1 decimal place % Other assets 1,584enter your answer in percentages rounded to 1 decimal place % Total Assets $12,502enter your answer in percentages rounded to 1 decimal place % Liabilities and Stockholders' Equity Current liabilities $2,970 enter your answer in percentages rounded to 1 decimal place % Long-term liabilities 1,302 enter your answer in percentages rounded to 1 decimal place % Stockholders' equity 8,230enter your answer in percentages rounded to 1 decimal place % Total liabilities and Stockholders' Equity $12,502enter your answer in percentages rounded to 1 decimal place %
Answer:
NIKE, INC.
NIKE, INC.
Condensed Balance Sheet
As of December 31, 2020 $ (in millions) Percent
Assets
Current assets $8,961 71.7%
Property, plant, and equipment (net) 1,957 15.6%
Other assets 1,584 12.7%
Total Assets $12,502 100%
Liabilities and Stockholders' Equity
Current liabilities $2,970 23.8%
Long-term liabilities 1,302 10.4%
Stockholders' equity 8,230 65.8%
Total liabilities and Stockholders' Equity $12,502 100%
Explanation:
a) Data and Calculations:
NIKE, INC.
Condensed Balance Sheet
As of December 31, 2020 $ (in millions) Percent
Assets
Current assets $8,961
Property, plant, and equipment (net) 1,957
Other assets 1,584
Total Assets $12,502
Liabilities and Stockholders' Equity
Current liabilities $2,970
Long-term liabilities 1,302
Stockholders' equity 8,230
Total liabilities and Stockholders' Equity $12,502
Each balance sheet item is expressed as a percentage of the total assets under the vertical analysis. This means that the item is divided by the total assets value of $12,502 multiplied by 100.
Shrimpers in South Louisiana have accused China of selling shrimp in the United States at a lower price than U.S. suppliers. The goal of the Chinese, they argue, is to drive down the price of U.S. shrimp. The U.S. shrimpers are accusing the Chinese of Group of answer choices establishing an embargo. trade protectionism. applying import quotas. dumping. outsourcing.
Answer:
Dumping
Explanation:
Dumping is a term in economics that is used in describing a situation whereby a particular firm or country exports specific commodities to a particular foreign country at a price unit that is lower compared to the price unit that such commodity is being sold in that foreign country.
Hence, considering the situation described in the question above, the correct answer to the question is that the U.S. shrimpers are accusing the Chinese of DUMPING
Activity-based costing (ABC) can eliminate cost distortions because ABC: A. develops cost drivers that directly link the activities performed to the products manufactured. B. establishes multiple cost pools. C. employs capacity-related cost drivers. D. recognizes interactions between different departments in assigning overhead costs.
Answer:
A. develops cost drivers that directly link the activities performed to the products manufactured.
Explanation:
ABC identifies the activities and according to that the cost are distributed that based on the predetermined overhead rate. So it also helps in removing the distortions of the cost so that drivers of the cost could be identified that are applied for the cost distribution for the activities that are performed
Therefore the option a is correct
Lightning strikes one of Christy’s trees in her backyard and starts a fire that spreads to two other trees before firefighters are able to put it out. The fire department charges her $600 for responding to her call. Christy’s DP-2 policy has a Coverage A limit of $95,000. What is the maximum amount of indemnification that Christy can expect to receive for this loss (ignoring any deductible)?
Answer:
$2000
Explanation:
The maximum amount of indemnification that Christy can expect to receive for the loss = $2000
Given that Indemnity is the payment made to an insured person that will cover the exact cost of the loss suffered
limit of Christy's DP-2 policy = $95,000
Cost of damages charged by fire department = $600
This is a partial loss ( not considering depreciation )
Replacement cost = $95,000
assume percentage of loss = 2.1%
Max amount of Indemnification = 2.1% * 95,000 = $1995 ≈ $2,000
Think of an advertisement that you found particularly effective. Describe the product and the advertisement. Explain why you believe it was effective.
Answer:
I find that the advertisment towards the south korean pop Band BTS directed towards a variety of ages is very effective. They promote their music on all social media plataforms which is obviously directed towards teens and People in their 20s. They make an annual 50 million dollars
Explanation:
My hips dont lie
A large HMO has teamed up with several other large HMOs to study falls and footwear. The investigator proposes to review 5,000 medical records across 10 institutions of individuals injured during the last three years from a fall, so he has enough power to detect whether there is a greater number of falls among people who wear clogs. Because individuals wear so many different types of shoes, he will need to review a large number of records to find those few individuals who fit this category. From the medical records, he plans to extract the type of shoe the individuals wear. Which of the following is likely to be the level of review?
a. expedited review required, as the study presents no greater than minimal risk but involves the use of medical records that contain sensitive information
b. full IRB review because the study exposes subjects to greater than minimal risk because the use of private information from multiple institutions
c. exempt as the study presents no greater than minimal risk and does not collect identifying information
Answer:
c. Exempt as the study presents no greater than minimal risk and does not collect identifying information
Explanation:
It is given that, the researcher wants to the number of individuals who ere injured or fell and wore the clogs type of shoes. So he teamed up with several HMOs to make a study on the falls and the footwear by studying at least 5000 medical records for the last three years.
By studying the medical records of the individuals, he wishes to extract the shoes type of the individual wear. Thus, this type of review is an exempted review because in this case the study have no greater than the minimal risk and also it does not collect any identifying information of the subjects.
Therefore, option (c) is correct.
Rishabh a brilliant student lives in a remote district of Orissa and has done mechanical engineering, He has won a lottery of Rs. 10 Lakhs. He wants to invest this money in some business opportunity, One of his friends suggested him to form a company. So he decided to manufacture tube lights and bulbs in his manufacturing unit and give jobs to unemployed youth in his village area. He has identified the business opportunity but is unaware about the other functions to be performed by him as a promoter of the company, Explain the other five steps to be performed by him as a promoter of the company, 2. Akriti, Manju and Sonali were friends who started a partnership business. They did not get their firm registered as it was optional. Soon, Manju and Sonali started having conflicts. Manju and Sonali wanted to approach a lawyer. If you were a lawyer than how would you guide them?
Answer:
hall
Explanation:
kk off Krishan Kala
Explain one difference between international and home trade
Answer:
Mobility of Labor and Capital: "One very important difference between home trade and international trade is that labor and capital are not so mobile between different countries as they are in their own countries."
Explanation:
hope this helps c:
Answer:
Should be: Mobility of Labor and Capital
Explanation:
Lorenzo just received a prestigious fellowship to study abroad for a year! However, he still has six months left on his one-year apartment lease. His landlord has given him permission to draw up a new agreement with his sister Maggie, whereby Maggie will live in the apartment, pay rent to Lorenzo, and then Lorenzo will pay the landlord. This is an example of ______.
Answer:
Assignment
Explanation:
Since in the given situation it is mentioned that Lorenzo has received the fellowship for studying abroad for a year but he needs to stay 6 months in the apartment also at the same time the landlord gives the permission for the new agreement with his sister where his sister pay the rent to him and then he pay the rent to landlord so this represent the assignment which needs to be followed for the 6 months anyhow
Amanda is a manager at an automobile manufacturing plant. After careful inspection, one of her employees noticed a defect in a part that is necessary for airbag deployment. The company has been using that part for the past three months and it is unknown for how long they might have been receiving the defective part from their supplier. Amanda follows the utilitarian approach for her ethical decision making. Amanda will likely
Amanda will likely recall all the vehicles that have the defective part, even if it results in a significant financial loss for the company.
Why is ethical decision-making important in the business environment?Without a robust code of ethics, a company risks breaking the law, falling into financial trouble, and facing unethical situations. However, a company's stakeholders—including customers, employees, and other parties—are assured by good business ethics that it follows the law and acts morally.
The utilitarian approach to ethical decision-making aims to maximize overall happiness or pleasure and minimize overall pain or harm. In this scenario, Amanda must consider the potential harm that the defective part can cause to the customers who buy the cars manufactured by her company.
If the airbag deployment fails due to the defective part, it can result in severe injury or even death of the passengers in the car. Therefore, to minimize overall harm, Amanda should recall all the vehicles that have a defective parts, even if it results in a significant financial loss for the company.
This action will prioritize the safety and well-being of the customers over the company's financial interests, as it will prevent potential harm to many people.
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Imagine that you were reading an international marketing text in which you learned
that the GDP for a nation that was a member of the former Soviet Union was $1.56
billion. A few pages later in the same text, the book states that that nation's real GDP
was $800,000. From reading this information, you would know that:
Answer: this former member of the Soviet Union had a high rate of inflation
Explanation:
Real GDP refers to the measuring of the gross domestic product of a country after it has been adjusted for inflation. On the other hand, the nominal GDP hasn't been adjusted for inflation and makes use of current prices.
Since the real GDP is $800,000 while the other GDP given is $1.56 billion, then it can be infered that this former member of the Soviet Union had a high rate of inflation. This is because when there's inflation, the average of all the prices of the goods and services will rise which is depicted by the difference in the GDP given.
Who
among
the halian composers,composed the score for la boheme
swer :
Answer:
La bohème: is an opera in four acts, composed by Giacomo Puccini between 1893 and 1895 to an Italian libretto by Luigi Illica and Giuseppe Giacosa, based on Scènes de la vie de bohème (1851) by Henri Murger.
Economic fine-tuning is the (usually frequent) use of Group of answer choices fiscal policy that both balances the budget and counteracts even small undesirable movements in economic activity. monetary and fiscal policies to counteract even small undesirable movements in economic activity. only fiscal policy to counteract even small undesirable movements in economic activity. monetary policy that is based on a predetermined steady growth rate in the money supply to counteract even small undesirable movements in economic activity.
Answer:
monetary and fiscal policies to counteract even small undesirable movements in economic activity.
Explanation:
Economic fine-tuning is the (usually frequent) use of monetary and fiscal policies to counteract or subvert even small undesirable movements in economic activity.
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
On the other hand, Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
All of the following are true of custodial accounts, except: Group of answer choices custodial accounts represent a way parents can indefinitely control children. minors can set up custodial accounts with a parent. minors can set up custodial accounts with an older relative or friend. custodians can withdraw money from a custodial account for the benefit of the minor.
Answer:
custodial accounts represent a way parents can indefinitely control children
Explanation:
A custodial account is a financial account like the bank account, the trust fund or the brokerage account that could be set up for the beneficiary benefit and it is held by the responsible person who we called as the legal guardian
So as per the given situation, the above statement should be considered as it does not represent the way in which the parents could have the indefinite control with their children
Therefore the same is to be relevant
The incorrect statement related to the custodial accounts is " custodial accounts represent a way parents can indefinitely control children.
What are custodial accounts?The custodial accounts can be defined as the accounts that are managed by a legal person or a guardian for the benefit of the beneficiary. The person who administer the account has an fiduciary obligation towards the beneficiary.
The minors can set a custodial account with their parents or any of the elder relative or friend. The Guardian can withdraw money from the custodial account for the benefit of the beneficiary or minor.
Therefore the correct option is a.
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"Describe the trends and fluctuations in the U.S. employment-to-population ratio and the labor force participation rate from 1980 to 2017. The employment-to-population ratio _______. A. fluctuates less than the labor force participation rate B. followed an upward trend before 2000 and then followed a downward trend C. increases during a recession and decreases during an expansion D. barely responded to the 2008-2009 recession"
Answer: B. followed an upward trend before 2000 and then followed a downward trend
Explanation:
Before the year 2000, there was an upward trend in the employment to population ratio as more Americans were hired per the population. After the year 2000 however, this has faced a downward trend.
There are several reasons for this. One of them was the shift to Asian economies in the early 2000s causing a lot of American companies to outsource. Then there was the 2008 Great Recession which caused high rates of unemployment. The Corona Pandemic led to more job loss and a lot of people became discouraged and stopped looking for work.
A principal purpose of the Securities Exchange Act of 1934 is generally considered to be:
[A] To establish specific statutory standards for contractual agreements between those corporations issuing bonds and the representatives of investors who own the bonds.
[B] To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.
[C] To reimburse customers of failed broker/dealers.
[D] To establish standards to govern activities of those organizations which engage in the business of providing securities investment advice.
Answer:
[B] To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.
Explanation:
A stockbroker refers to an individual who is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.
Generally, a broker acts as an intermediary between a buyer (investor) and a seller (securities exchange) for a commission or an agreed upon fee after executing the deal. Thus, a broker also referred to as a stockbroker acts as a principal party in the buying or selling of stocks or securities in the financial markets.
Additionally, the actions or activities of a broker in the financial market is regulated by regulatory (financial) institutions such as the securities and exchange commission (SEC).
The SEC, an acronym for Securities and Exchange Commission was created under the Securities Exchange Act of 1934. The Act empowered the SEC to require registration of securities, security exchanges, and reporting by publicly owned firms.
Hence, a principal purpose of the Securities Exchange Act of 1934 is generally considered to be to protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.
Answer:
[B] To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.
Explanation:
A principal purpose of the Securities Exchange Act of 1934 is generally considered to be: To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.
f the cross-price elasticity of food and clothing (% change in demand for clothing / % change in the price of food) is -0.7, then the income effect on demand for clothing caused by a price increase of food A. tends to increase the consumption of clothing. B. tends to decrease the consumption of clothing. C. is less than the substitution effect. D. None of the above.
Answer:
Option "D" is correct.
Explanation:
Given the cross-price elasticity = -0.7
The rise in price of a commodity will decrease the consumption of the same commodity but it will increase the consumption of its substitute commodity. When the price rises for food then the nominal income falls, resulting in the fall in demand for food. Since income elasticity considers the change in actual income. Thus option D is correct.
All of the following our services that are available at banks except.....
Automatic bill payment
ATM
Tax accounts
Money orders
Overdraft protection
Debit card
Travelers checks
Online banking
is it money order.i am confused
A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o
Answer:
B. evaluate the possible positive and negative effects of different economic decisions.
Explanation:
Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.
This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.
Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.
Evaluate your ability to consume wisely, Explain why this skill is essential to achieving your life span
plan
Answer:
Consumerism is a way of life in which the regular purchase of secondary goods, in which the social value of the product and its influence on social status and identity plays a huge role in society and everyday life.
The term originated with the rise of the consumer society in the twentieth century. Where previously the market was supposed to regulate itself, this did not always work sufficiently, so that consumers began to unite in consumer movements and consumer organizations. Consuming is then seen as a right, a right that is defended to the extreme. In addition, consumerism is also seen as good for the economy and therefore worth pursuing, as it keeps economy working.
In this sense, the fact of operating within the framework of the consumer society in a responsible, wise and meticulous way matters that individuals do not relapse into behaviors that put their financial situation in trouble.
Harry's, your family-owned business, has been serving breakfast, lunch, and dinner in your city for so long that it's practically an institution! Your lunch menu items range in price from $8.99 to $13.99. Recently, your head chef suggested adding a delicious new seafood option to the lunch menu, but the costly ingredients involved will force you to charge $17.99 for it, which is comparable to what you charge for dinner menu items. You're concerned that this will upset your long-time customers. What should you do?
A. Set the price at $17.99, but raise the prices of all other menu items by S2 or more so it doesn't stand Support and out
B. Set the price at $17.99, and trust that your customers will see the value of the new menu item
C. Set the price at $14.99 for the first month, then gradually raise it to $17.99 over the next three months
D. Set the price at $13.99, but cut costs on all other menu items to make up for any revenue shortfalls
Answer:
Option C
Explanation:
To run a food business, the first and foremost thing is to attract customers and create a customer base. Hence, the price must be kept lower in the initial days to grab attention of customer. As the customer become used to with the product taste and quality, the prices can be increased to make the business profitable.
Hence, option C is correct
"In the summer 2012 the lobster catch in Maine was especially large, but instead of celebrating the fisherman were suffering from a lower total revenue. (Source: New York Times, July 28, 2012) We learn from the article that despite the larger quantity of lobster caught, the total revenue of the fisherman decreased. This fact means that the demand for lobster is"
Answer:
Inelastic
Explanation:
The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand
Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down
So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic
The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 45,000 Sale of long-term investment $ 24,000 Dividends received on long-term investments $ 9,000 Paid off bonds payable $ 12,000 Depreciation expense $ 32,000 Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be: Multiple Choice $(32,000) $(69,000) $(12,000) $(21,000)
Answer:
$(21,000)
Explanation:
The computation of the net cash provided by (used in) investing activities is shown below:
Cash flows from investing activties
purchase of plant and Equipment = -$45,000
Sale of long term investment $24,000
net cash used by investing activities - $21,000
Hence, the last option is correct
A manufacturing plant located by a busy highway uses and stores highly volatile explosives. The owner of the plant has imposed strict safety measures to prevent an explosion at the plant. During an unusually heavy windstorm, a large tile was blown off the roof of the plant and crashed into the windshield of a passing car, damaging it. The driver of the car brought a strict liability action against the owner of the plant to recover for the damage to the car’s windshield. Is the driver likely to prevail?
Answer: No, because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.
Explanation:
Based on the information given in the question, the driver will not prevail. This is because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.
In this case, the owner of the plant has imposed strict safety measures to prevent an explosion at the plant and the damage of the windshield of the car was due to heavy windstorm and not from the plants activities.
Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable $ 109,000 $ 106,000 Inventory $ 139,000 $ 158,000 Sales on account $ 787,000 Cost of goods sold $ 501,000 The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 45 days 50 days 101 days 108 days
Answer:
d. 108 days
Explanation:
Average Inventory = (Beginning balance + Ending balance) / 2
Average Inventory = ($139,000 + $158,000) / 2
Average Inventory = $297,000 / 2
Average Inventory = $148,500
Inventory Turnover ratio = Cost of goods sold / Average Inventory
Inventory Turnover ratio = $501,000 / $148,500
Inventory Turnover ratio = 3.37 times
Average days to sell inventory = Days in a year / Inventory Turnover ratio
Average days to sell inventory = 365 days / 3.37 times
Average days to sell inventory = 108.31 days
