Sparky's Sells Auto Parts -
Using Sparky's Financial Information What Is the Company's

question 6

Multiple Choice

Sparky's sells auto parts. Provided below is selected financial information from the company's 2012 annual report:
$\begin{array}{lll}\underline{\text { Sparky's Selected Fimancial Statementdata }} \\\text { Fiscal year end } & \mathbf{2 0 1 2} & \mathbf{2 0 1 1} \\\text { (amounts in thousands of dollass) } & \\\text { Net sales } & \$ 125,410 & \$ 106,380 \\\text { Cost of GoodsSold } &-104,090 & -89,359 \\\text { GrossProfit } & \$ 21,320 & \$ 17,021\\\\\text { Inventory}& \$ 31,353 & \$ 30,850\end{array}$
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Using Sparky's financial information what is the company's inventory turnover ratio for 2012?

• A) 0.69
• B) 1.00
• C) 3.35
• D) 4.03

Explore the historical shifts in emotional investment within family dynamics and societal impact.

Understand the concept of absolute and comparative advantage in international trade.

Understand the shape and implications of the production possibilities curve.

Recognize the role and determination of opportunity costs in the framework of international commerce.

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Definitions:

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Francis Galton

A 19th-century English polymath known for his contributions to fields like statistics, psychology, and anthropology, particularly for pioneering studies in eugenics and psychometrics.

High Intelligence

A significantly above average level of cognitive capability, including the abilities to learn, understand, reason, and solve problems effectively.

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.