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Basic Question 3 of 8
With an inventory turnover rate of 10.0, over how many days does inventory turn over?
B. 36.5 days
C. 365 days
A. 10 days
B. 36.5 days
C. 365 days
User Contributed Comments 9
| User | Comment |
|---|---|
| Stygian | That's not right! Inventory Turnover(IT) = COGS / Avg. Inventory. Days of Inventory on Hand(DOH) = 365/IT. Analyst Notes should delete or correct the question. |
| surjoy | Hello??? DOH is being asked here..question is correct. |
| Fotsta | Read again the ratios. Q is right!!!! |
| Raok | Stygian give up on taking the cfa, save u some money |
| Dmoney | @Raok, no need for insults. I doubt you get every question right.. |
| ldfrench | LOLOL, @Raok, YOU GOT HIM!!!!! |
| leon121 | @Raok...he will continue studying cfa cuz if he learned something...it's a sunk cost. |
| rabihCH | hilarious study group! :) |
| Inaganti6 | There's IFRS, US GAAP, then there's Stygian . haha |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
calculate and interpret activity, liquidity, solvency, and profitability ratios
describe relationships among ratios and evaluate a company using ratio analysis
CFA® 2024 Level I Curriculum, Volume 3, Module 11.