Use the Following Information for Questions

question 74

Multiple Choice

Use the following information for questions
The Home Furnishings Store had net credit sales of $7,500,000 and cost of goods sold of $4,500,000 for the year. The average inventory for the year amounted to $1,500,000.
-The inventory turnover ratio for the year is

• A) 5 times.
• B) 7.5 times.
• C) 3 times.
• D) 1.67 times.

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Definitions:

Circadian Rhythm

An internal biological clock regulating the sleep-wake cycle and other physiological processes in a roughly 24-hour cycle.

Weekends

The part of the week traditionally reserved for rest and leisure activities, in many cultures spanning Saturday and Sunday.

Staying Up

The act of remaining awake, especially longer than usual or during the night.

Dual Processing

The theory that the brain operates using two types of processing, automatic and controlled, both of which are important for cognition and behavior.