Inventory can be used as collateral for loan

Assignment Help Financial Management

Reference no: EM131572024

1. Inventory can be used as collateral for a loan in all of the following ways EXCEPT:

A. a floating lien.

B. a warehouse arrangement.

C. a factoring arrangement.

D. a trust receipt.

2. Rearden Metal (RM) had $120 million in sales in 2009. Its cost of goods sold was $85, and its average inventory balance was $15 million. The average number of inventory days outstanding for Rearden is closest to:

A. 6 days

B. 8 days

C. 37 days

D. 64 days

Reference no: EM131572024

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