Refer to the Following Selected Financial Information from Graceworks Corp

question 55

Multiple Choice

Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2. $$\begin{array} { l l } &\text { Year 2 } & \text { Year } 1 \\Merchardise~ irventory&271,000 & 253,500 \\Cost ~of~ goods~ sold&486,400 & 433,100\end{array}$$

• A)1.79.
• B)1.71.
• C)1.85.
• D)0.93.
• E)1.75.

---

Definitions:

Culture Of Conflict

An environment or situation characterized by ongoing disputes, competition, or antagonism, often leading to a perpetual state of tension and disagreement.

Labor Relations

The study and practice of managing the relationship between employers and employees, specifically focusing on collective bargaining, labor unions, and workplace disputes.

Nonoppositional

Approaches or strategies that avoid direct conflict or confrontation, often emphasizing cooperation and mutual benefit in negotiations or relationships.

Unionization

The process by which workers come together to form a union in order to collectively bargain with their employer for better wages, benefits, and working conditions.