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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:
Dividend
A portion of a company's earnings distributed to its shareholders, usually in the form of cash or additional stock.
Record Date
The specific date set by a company on which the investors must own shares to be entitled to dividends.
Reverse Stock Split
A corporate action that consolidates the number of existing shares of stock into fewer, proportionally more valuable, shares.
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