Efficiency ratio: Gateway Corp. has an inventory turnover ratio of 5.6. What is the firm's days' sales in inventory?
A) 65.2 days
B) 64.3 days
C) 61.7 days
D) 57.9 days
Answer: A
Efficiency ratio: Gateway Corp. has an inventory turnover ratio of 5.6. What is the firm's days' sales in inventory?
A) 65.2 days
B) 64.3 days
C) 61.7 days
D) 57.9 days
Answer: A
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.