The 2014 Financial Statements of Vitturo Company Reported Beginning Inventory

question 45

Multiple Choice

The 2014 financial statements of Vitturo Company reported beginning inventory of €973,000, ending inventory of €1,023,000, and cost of goods sold of €5,988,000 for the year. Vitturo's inventory turnover ratio for 2014 is

• A) 2.7 times.
• B) 3.0 times.
• C) 3.6 times.
• D) 6.0 times.

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Definitions:

Vastus Lateralis

A muscle in the quadriceps group, located on the lateral side of the thigh.

Morphine Sulfate

A potent opiate analgesic drug used to relieve severe pain by acting directly on the central nervous system.

Palliative

Intended to alleviate symptoms without curing the underlying disease.

Teratogenic

Relating to substances or factors that can cause congenital abnormalities or birth defects during fetal development.