Consider a Firm with a 2012 Net Income of $20

question 72

Multiple Choice

Consider a firm with a 2012 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:

Neurons

Specialized cells of the nervous system that transmit information to other neurons, muscles, or glands through electrical and chemical signals.

Microglia

Specialized cells in the brain and spinal cord that act as the main form of active immune defense in the central nervous system.

Ventricles

Cavity or space within the brain filled with cerebrospinal fluid that helps protect the brain and spinal cord and provides nutrients.

Cerebrospinal Fluid

Cerebrospinal fluid is a clear, colorless body fluid found in the brain and spinal cord, providing cushioning and maintaining a stable environment.