Zebra Ltd Has Cost of Sales for the Year of $1

question 2

Multiple Choice

Zebra Ltd. has Cost of sales for the year of $1 900 000. The average inventory for the year is $129 000. The inventory turnover for the year is:

• A)33.8.
• B)65.5.
• C)0.1.
• D)14.7.

---

Definitions:

Best Use

Optimal allocation or application of resources to maximize efficiency or value.

Positive Statement

An objective statement based on factual information or data that can be tested or rejected through observation.

Normative Statement

A value-based statement that expresses an opinion about what ought to be rather than what is factual.

Oil Refineries

Facilities where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, and heating oil.