Use the Following Information for Questions

question 18

Multiple Choice

Use the following information for questions
Nelly Inc.reported credit sales of $24,000,000 and cost of goods sold of $18,000,000 for the year.The average inventory for the year was $6,000,000.
-The inventory turnover ratio for the year was

• A)3.0 times.
• B)33.3 times.
• C)4.0 times.
• D)25.0 times.

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Definitions:

Personalized Power Orientation

Personalized power orientation describes an approach where individuals seek power for personal gain or gratification, rather than for the benefit of all.

Big Five Trait

Refers to the five broad dimensions of personality, including openness, conscientiousness, extraversion, agreeableness, and neuroticism, used to describe human personality.

Neuroticism

Neuroticism is a personality trait characterized by emotional instability, anxiety, moodiness, worry, and sadness.

Conscientiousness

A personality trait characterized by thoroughness, a strong sense of duty, and a disciplined approach to tasks.