In 2005, Joan Had Cost of Goods of 58,358; in 2006

question 3

Multiple Choice

In 2005, Joan had Cost of Goods of 58,358; in 2006, they were 65,069. On the last day 2005 her Inventory was 675, and on the last day of 2006 it was 1,559. What is the Inventory Turnover for Joan's Coffee Shop for 2006?

• A) 58.25
• B) 55.25
• C) 41.74
• D) 52.25

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Definitions:

Income

The financial return or earnings from work, investments, or any other sources, usually measured over a specific period.

Disparity

A great difference or inequality between two or more things, often relating to unfair treatment or outcomes in society.

Upper-upper Class

The upper-upper class refers to the highest echelon of society based on wealth, familial heritage, and social standing, often characterized by substantial influence and resources.

Non-Hispanic

A term used to refer to individuals or populations that do not identify as Hispanic or Latino, often used in demographic and statistical contexts for clarity.