Use the Following Information for Questions

question 5

Multiple Choice

Use the following information for questions
Winnipeg Washing Machines reported net credit sales of $12,000,000 and cost of goods sold of $9,000,000 for the year.The average inventory for the year was $2,000,000.
-The inventory turnover ratio for the year was

• A)4.5 times.
• B)5.3 times.
• C)6.0 times.
• D)22.0 times.

---

Definitions:

Precipitation

Any form of water - liquid or solid - falling from the sky, including rain, snow, sleet, and hail.

Linear Relationship

A type of association where a change in one variable is directly proportional to a change in another variable.

Precipitation

Any form of water, liquid or solid, falling from the atmosphere, such as rain, snow, sleet, or hail.

Malaria

A life-threatening disease caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes.