Calculate Gross Profit Ratio Given the Following Information: Accounts Receivable

question 135

Multiple Choice

Calculate gross profit ratio given the following information: accounts receivable = $40,000; inventory = $80,000; receivable turnover = 25 times; inventory turnover = 6 times.

• A) 50%
• B) 51%
• C) 52%
• D) 53%
• E) 54%

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Definitions:

Directing Behaviors

Actions by a leader that provide guidance and instruction to subordinates, often associated with task accomplishment.

Opportunism

The practice of taking advantage of situations with little regard for principles or consequences, often to gain personal benefits.

Middle-Of-The-Road Management

A management style that compromises between task-oriented and employee-oriented leadership, striving to balance concern for productivity and worker satisfaction.

Maternalism

Refers to attitudes or actions that are protective and nurturing, often in a way that asserts authority or control.