Below Is Selected Data for Gertup Corporation as of 12/31/05

question 39

Multiple Choice

Below is selected data for Gertup Corporation as of 12/31/05:
$$\begin{array} { l r } \text { Total assets } & \$ 5,500 \\\text { Current assets } & 2,750 \\\text { Long-term debt } & 450 \\\text { Current ratio } & 2.5 \\\text { Inventory } & 1,500 \\\text { For year ended 12/31/05 } & \\\text { Sales } & \$ 18,500 \\\text { Cost of goods sold } & 14,800\end{array}$$
-Gertup has maintained the same inventory levels throughout 2005. If end of year inventory turnover was increased to 12 through more efficient relationships with suppliers, how much cash would be freed up (pick closest number) ?

• A)$1,541
• B)$1,233
• C)$267
• D)$42

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Definitions:

Multiaxial

Pertaining to or involving several different axes or dimensions, often used in psychological evaluations to assess different aspects of mental health.

Alphabetic Index

A systematic arrangement of words, terms, or items, ordered according to the alphabet, used for easy reference.

Diseases

Health conditions characterized by abnormal states affecting the body or mind, causing symptoms, distress, or dysfunction.

Injuries

Harm or damage to the body caused by accidents, falls, hits, weapons, and other external forces.