Question

Refer to the following information:  

Calculate the average age of inventory(Assume 360 days in a year):

A 10 days Correct Answer Incorrect Answer
B 12 days Correct Answer Incorrect Answer
C 8 days Correct Answer Incorrect Answer
D 9 days Correct Answer Incorrect Answer
E 7 days Correct Answer Incorrect Answer

Solution

  The average age of inventory = 360/39.2 = 9.18 Days Workings:

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