The Following Information Is Available for Compton Company The Inventory Turnover Ratio for 2013 Is
A)6

question 169

Multiple Choice

The following information is available for Compton Company: $\begin{array}{lrr}&2013&2012\\\text { Accounts receivable } & \$ 360,000 & \$ 400,000 \\\text { Inventory } & 340,000 & 420,000 \\\text { Net credit sales } & 2,470,000 & 1,400,000 \\\text { Cost of goods sold } & 1,860,000 & 1,060,000 \\\text { Net income } & 300,000 & 170,000\end{array}$ The inventory turnover ratio for 2013 is

• A)6.2 times.
• B)4.9 times.
• C)5.5 times.
• D)4.4 times.

---

Definitions:

Living Dead

A term often used in literature and media to describe zombies or people who are alive but appear lifeless or without consciousness.

Slave Revolt

An act of rebellion or resistance against slave owners by the enslaved population, seeking to gain freedom or protest against conditions.

Violent Slave

Individuals held in slavery who resisted their condition through acts of violence against their oppressors.

Brer Rabbit Folktales

A collection of African American folktales involving the trickster figure Brer Rabbit, who uses his wits to overcome challenges and adversaries.