Solution Library

Calculate Inventory In Days


1. A firm has $100 of average inventory, operating profit of $500 and sales of $1,500. Its days in inventory is:

1. 36.5 days

2. 24.3 days

3. 73.0 days

4. Not enough information


2. Which of the following isolated events will NOT change the quick ratio for a manufacturer?

1. Repayment of short-term debt

2. The cash purchase of new machinery

3. The credit sale of finished goods

4. A customer's cash payment of an outstanding receivable



The question belongs to Accounting and it discusses about two multiple choice questions.

Total Word Count NA

Download Full Solution


  • HWA

    this is a very good website

  • HWA

    I have 50 questions for the same test your page is showing only 28

  • HWA

    hi can you please help or guide me to answer my assignments. thanks

  • HWA

    hi can anyone help or guide me to my assignments. thanks

  • HWA

  • HWA

    This solution is perfect ...thanks

  • HWA

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA

    Perfect bank of solution. 

  • HWA

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA

    works fine.