Pinecrest Company Use the Selected Data from Pinecrest Company's Financial Statements to Statements

question 10

Multiple Choice

Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question.
-Refer to the data for Pinecrest Company.
Competitors in Pinecrest Company's industry have an average inventory turnover of 20.8 times.Its inventory turnover for 2016

• A)indicates that the company has too little inventory on hand at the end of 2016.
• B)indicates that the company is pricing its products too low.
• C)is equal to the number of days' sales in the company's inventory.
• D)indicates that the market may be reacting to problems in the sales department by reducing demand for the company's products.

---

Definitions:

Organ Reserve

The capacity of organs to allow the body to cope with stress, via extra, unused functioning ability.

Homeostasis

The adjustment of all of the body’s systems to keep physiological functions in a state of equilibrium. As the body ages, it takes longer for these homeostatic adjustments to occur, so it becomes harder for older bodies to adapt to stress.

Senescence

The gradual deterioration of functional characteristics that occurs with aging in biological organisms.

Diathesis

A predisposition or vulnerability to developing a psychological disorder, influenced by genetic, biological, or environmental factors.