Based on the Following Data for the Current Year, What

question 20

Multiple Choice

Based on the following data for the current year, what is the inventory turnover? Sales on account during year
$700,000
Cost of merchandise sold during year
270,000
Accounts receivable, beginning of year
45,000
Accounts receivable, end of year
35,000
Inventory, beginning of year
90,000
Inventory, end of year

• A) 2.7 110,000
• B) 9.7
• C) 2.5
• D) 3.0

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Definitions:

Optimal Assignment

The most efficient allocation of resources, tasks, or individuals to various roles or positions, with the goal of maximizing productivity or minimizing costs.

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A criterion used in manufacturing and other operations to prioritize and allocate resources to tasks, often to optimize production flow or minimize waiting time.

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The duration required to complete a specific task or operation, often used in manufacturing and computer science.