For 2012, Nervous Energy Inc

question 17

Multiple Choice

For 2012, Nervous Energy Inc. reported $24,000 beginning inventory and $26,000 ending inventory. Net sales were $160,000 and gross profit was $55,000 for the same period. Based on these figures, inventory turnover for 2012 was:

• A)3.4 times.
• B)4.2 times.
• C)6.4 times.
• D)9.2 times.

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Definitions:

Sex Appeal

The use of sexually arousing or suggestive imagery and themes in advertising to draw attention and influence consumer behavior.

Recall

The ability to retrieve information or memories from one's past experiences, or a company's process of retrieving defective or potentially unsafe products from consumers.

Refutational Argument

A technique in persuasive communication where opposing viewpoints are presented and then countered with evidence.

Dishwashing Powder

A cleaning agent used for washing dishes, typically in powder form.