The Following Information Is Available for Patterson Company The Inventory Turnover for 2017 Is
A) 6

question 80

Multiple Choice

The following information is available for Patterson Company: $\begin{array}{lrr}&2017&2016\\\text { Accounts receivable } & \$ 360,000 & \$ 340,000 \\\text { Inventory } & 280,000 & 320,000 \\\text { Net credit sales } & 3,150,000 & 2,600,000 \\\text { Cost of goods sold } & 1,800,000 & 840,000 \\\text { Net income } & 300,000 & 170,000\end{array}$ The inventory turnover for 2017 is

• A) 6.4 times.
• B) 6.0 times.
• C) 5.6 times.
• D) 3.0 times.

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Definitions:

Ring Gear Tooth

A tooth on the outer circumference of a ring gear, which engages with a mating pinion to transmit power in drivetrains.

Crown And Pinion Gearset

A pair of gears consisting of a pinion (a small gear) and a crown (a larger ring gear), mainly used in the differential of a vehicle to transfer power from the driveshaft to the wheels at an angle.

Contact Pattern

Contact pattern is used in gear systems to describe the area where two gear teeth meet and mesh during operation, important for diagnosing wear and ensuring proper gear alignment and performance.

Axle Shaft Failures

The breaking or malfunctioning of the axle shaft, which can lead to loss of power transmission from the engine to the wheels.