The Financial Statements of Black Barn Company Are Given Below

question 55

Multiple Choice

The financial statements of Black Barn Company are given below. Note: The common shares are trading in the stock market for $40 each.
Refer to the financial statements of Black Barn Company. The firm's inventory turnover ratio for 2009 is

• A) 3.15.
• B) 3.63.
• C) 3.69.
• D) 2.58.
• E) 4.20.

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Definitions:

Futures Price

The agreed-upon price for a financial instrument or commodity to be delivered and paid for at a future date.

Orange Juice

A liquid extract of the orange tree fruit, consumed as a beverage or used in culinary dishes and as a commodity traded on futures markets.

Futures Contracts

Standardized legal agreements to buy or sell a financial instrument or physical commodity at a predetermined future date and price.

Profit (Loss)

The financial gain or loss resulting from revenue generated minus the expenses of operating the business.