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.

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Definitions:

Cultural Goal

The shared objectives or ideals that are valued and pursued by a society or cultural group.

Intelligence Goal

An objective related to the acquisition, improvement, or demonstration of intellectual abilities and knowledge.

Authoritative

A parenting style characterized by high expectations of maturity, clear guidelines and rules, warmth, and responsiveness to children’s needs.

Authoritarian

A dictatorial approach focused on high demands and low responsiveness, often enforcing strict rules and expecting complete obedience.