The Following Information Was Available for Pete Company at December

question 17

Multiple Choice

The following information was available for Pete Company at December 31, 2018: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's inventory turnover in 2018 was

• A) 10.9 times.
• B) 12.3 times.
• C) 14.1 times.
• D) 16.9 times.

---

Definitions:

Company's Cafeteria

A dedicated area within a company's premises where employees can buy or receive food, often seen as part of the organization's welfare facilities.

Organizational Countercultures

Subcultures within an organization that hold values, beliefs, or behaviors that are distinctly different from or opposed to the dominant organizational culture.

Ethical Conduct

Behavior that is in line with accepted principles of right and wrong, guiding professional and personal actions.

Enacted Values

The values and norms that are actually exhibited or converted into employee behavior in an organization.