Asset Management Ratios Caps Corp. reported sales for 2008 of $45 million. Caps

Question

Asset Management Ratios Caps Corp. reported sales for 2008 of $45 million. Caps listed $9 million of inventory on its balance sheet. Using a 365-day year, how many days did Caps' inventory stay on the premises? How many times per year did Caps' inventory turn over?
73 days, 405 times, respectively 73 days, 5 times, respectively 0.2 days, 5 times, respectively 405 days, 5 times, respectively 73 days, 405 times, respectively 73 days, 5 times, respectively 0.2 days, 5 times, respectively 405 days, 5 times, respectively 73 days, 405 times, respectively 73 days, 5 times, respectively 0.2 days, 5 times, respectively 405 days, 5 times, respectively

Explanation / Answer

73 days, 405 times, respectively

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