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:

Personal Injury

Physical or psychological harm to a person due to another's negligence or harmful act.

Causation In Fact

Causation brought about by an act or omission without which an event would not have occurred.

Proximate Cause

Proximate Cause is a legal concept that connects an individual’s actions to the resulting effect, determining whether the actions are legally deemed to cause a particular outcome.

Legal Cause

A legally recognized reason that directly links an action to a legal consequence, establishing liability.