Assume That the Net Sales for a Company Is $5,000

question 11

Multiple Choice

Assume that the net sales for a company is $5,000, cost of goods sold is $3,000, and average inventory is $1,500. Calculate the inventory turnover ratio.

• A) 2
• B) 0.5
• C) 3.3
• D) 1.3

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Definitions:

Signaling Cascade

A series of biochemical events and reactions that occur within a cell in response to a signal, often involving activation of enzymes and resulting in a cellular response.

cAMP

Cyclic Adenosine Monophosphate, a second messenger important in many biological processes, including the activation of protein kinases.

Cellular Slime Mold

A group of funguslike amoebozoan protists whose feeding stage consists of unicellular, amoeboid organisms that aggregate to form a pseudoplasmodium during reproduction; compare with plasmodial slime mold.

Dictyostelium

A genus of amoebae that are used as model organisms in molecular biology and genetics.