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