Selected Information from the 2011 and 2010 Financial Statements of SCL

question 17

Multiple Choice

Selected information from the 2011 and 2010 financial statements of SCL Corporation is presented below:


Refer to the SCL Corporation information above. SCL's merchandise inventory turnover for 2011 is

• A) 3.43.
• B) 5.68.
• C) 6.63.
• D) 6.79.

---

Definitions:

Canadian Dollar

The official currency of Canada, often represented by the symbol CAD or $CA, and used throughout the Canadian economy.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency around the world.

Absolute Purchasing Power Parity

A theory that posits currencies are at an equilibrium in exchange rates when they hold equal purchasing power in their respective countries.

Computer Retailer

A business or individual that sells computer hardware, software, and related accessories and services to consumers.