Based on the Following Data for the Current Year, What

question 200

Multiple Choice

Based on the following data for the current year, what is the inventory turnover? $$\begin{array} { l r } \text { Sales on account during year } & \$ 700,000 \\\text { Cost of goods sold during year } & 270,000 \\\text { Accounts receivable, beginning of year } & 45,000 \\\text { Accounts receivable, end of year } & 35,000 \\\text { Inventory, beginning of year } & 90,000 \\\text { Inventory, end of year } & 110,000\end{array}$$

• A) 2.7
• B) 9.7
• C) 2.5
• D) 3.0

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Definitions:

Research Design

is a structured approach used in scientific studies to ensure the validity and reliability of findings, often specifying the methods for collecting, analyzing, and interpreting data.

Sequential

Relating to or forming part of a sequence, where items are arranged in a logical or chronological order.

Age Groups

Classifications of individuals based on their age, often used in research to compare developments at different life stages.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.