1 a firm has 100 of average inventory operating profit of

Question

Problem:

1. A firm has $100 of average inventory, operating profit of $500 and sales of $1,500. Its days in inventory is: 

1. 36.5 days 
2. 24.3 days 
3. 73.0 days 
4. Not enough information

2. Which of the following isolated events will NOT change the quick ratio for a manufacturer?

1. Repayment of short-term debt  
2. The cash purchase of new machinery 
3. The credit sale of finished goods 
4. A customer's cash payment of an outstanding receivable

Additional Information:

These two objective questions is from finance which discuss about finding average days in inventory and the events that will not affect quick ratio.