Last Year,Able Company Had Sales of $10 Million,Cost of Goods

question 15

Multiple Choice

Last year,Able Company had Sales of $10 million,Cost of Goods Sold of $6 million,Gross Profit of $4 million and Net Profit of $1 million.Average inventory at cost was $2 million.Able's inventory turn rate was:

• A)5 times
• B)3 times
• C)2 times
• D)0.5 times

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Definitions:

Therapeutic Factor

An aspect of the psychotherapeutic process that contributes to healing and growth, such as insight, catharsis, or the therapeutic alliance.

Vicarious Learning

The process of learning through observing the actions, consequences, and behaviors of others, without direct experience.

Self-disclosure

The act of revealing personal information about oneself to others, which can help in building trust and intimacy in relationships.

Altruism

The principle or practice of concern for the welfare of others, acting selflessly for the benefit of others.