Consider a Firm with an Annual Net Income of $20

question 17

Multiple Choice

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,what is the inventory turnover?

• A)12.50
• B)10.00
• C)42.00
• D)4.16
• E)20.00

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Definitions:

ActiveX Control

A software framework created by Microsoft that enables programs to add functionality to Windows programs and the web.

Developer

A professional involved in creating, designing, and maintaining software, websites, or applications, skilled in one or more programming languages.

Ribbon

A graphical control element in user interfaces that houses a set of toolbars and icons representing commands, grouped by functionality.

Text Box Control

An element in graphical user interfaces that allows users to input text data into applications, often seen in forms and dialog boxes.