The Average Inventory at Hamilton Industries, Comprising Raw Materials, Work-

question 102

Multiple Choice

The average inventory at Hamilton Industries, comprising raw materials, work- in- process, and finished goods, was found to be $17.2 million last year. If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.

• A) less than or equal to 3.50
• B) greater than or equal to 3.50 but less than 3.75
• C) greater than or equal to 3.75 but less than 4.00
• D) greater than or equal to 4.00

---

Definitions:

Vectors

A class in Java that implements a growable array of objects, providing methods to manipulate the size and contents of the array.

Stream Classes

Classes in Java that are part of the java.io package, used for reading and writing to files or other input and output streams.

Subclass Type

Subclass type refers to the classification of a subclass which is derived from a superclass inheriting its properties and methods, potentially with additional features or modifications.