You have collected data on the number of U.S. households actively using online banking and/or online bill payment from 1995 to 2
1 answer:
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Answer:
the inventory turnover is 11
while the average days outstanding is 33 days
Explanation:
<u>inventory turnover:</u>
the amount of times the inventory rotetes (is being sold) during the period
660,000/60,000 = 11
The company sold his invenotry 11 times
<u>days outstanding :</u>
time to sale the entire inventory
if it rotates 11 times per year and the year has 365 days then:
365/11 = 33.18 = 33days