How long on average does it take to sell something from inventory after it is purchased?
A)12.5 days
B)24.8 days
C)29.2 days
D)165.9 days

Question

Quizplus · Accepted Answer

The average number of days it takes to sell something from inventory after it is purchased is 29.2 days. This suggests that items in inventory may take a little over four weeks to turn over, which is important for businesses to consider when planning their inventory levels and cash flow. A, B, and D are not the best choices because they either underestimate or greatly overestimate the average time it takes to sell inventory.

How Long on Average Does It Take to Sell Something