Calculate Gross Profit Ratio Given the Following Information: Accounts Receivable

question 86

Multiple Choice

Calculate gross profit ratio given the following information: accounts receivable = $40,000; inventory = $80,000; receivable turnover = 25 times; inventory turnover = 6 times.

• A) 50%
• B) 51%
• C) 52%
• D) 53%
• E) 54%

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Definitions:

Infertility

The inability to conceive a child after one year of regular, unprotected intercourse.

Sexually Transmitted Infections

Refers to infections that are primarily spread through sexual contact, affecting both males and females.

Infections

The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi in body tissues, causing disease.

Chronic Infections

Long-lasting infections that can persist for months or years, often causing persistent symptoms.