Zhang Company Reported Cost of Goods Sold of $835,000 and Average

question 9

Multiple Choice

Zhang Company reported Cost of goods sold of $835,000 and average Inventory of $41,750.The Inventory turnover ratio is:

• A)0.5 times.
• B)418 times.
• C)20 times.
• D)56 times.
• E)19 times.

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Definitions:

Graphing Calculator

A handheld electronic device capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.

Factoring

The process of breaking down an equation or number into smaller components that, when multiplied together, give the original equation or number.

Equation

A mathematical statement that asserts the equality of two expressions, usually containing one or more variables.

Factoring

The process of breaking down an expression into a product of its simpler components, often used in algebra to simplify expressions or solve equations.