Selected Data for Sorenta, Inc

question 70

Multiple Choice

Selected data for Sorenta, Inc.and New World Corp., two companies in the same industry, are presented below: Based on this data, which statement below is true?

• A)Sorenta, Inc.has a lower gross profit ratio than New World Corp.
• B)New World Corp has a higher net income than Sorenta, Inc.
• C)New World Corp sells its inventory faster than Sorenta, Inc.
• D)Sorenta, Inc.has lower storage costs and a lower investment in inventory than New World Corp.

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Definitions:

Mainstream Economics

The body of economic thought considered orthodox or widely accepted, typically centered around the equilibrium between supply and demand.

Balancing Power

The act of equalizing influence or control among different groups or individuals, often in the context of labor relations.

Critical Industrial Relations

Analysis of employment relationships, focusing on power dynamics, conflict, and the regulatory framework.

Capitalistic System

An economic system where private individuals rather than the state own and operate the means of production and distribution of goods and services, driven by profit.