If the Average Aggregate Inventory Value Is $100,000 and the Cost

question 29

Multiple Choice

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

• A) 19.23
• B) 4.5
• C) 0.8654
• D) 0.2222
• E) None of these choices are correct

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Definitions:

Nodules

Swellings on the roots of plants, such as legumes, in which symbiotic nitrogen-fixing bacteria (rhizobia) live.

Root Epidermis

The outermost layer of cells in the root of a plant, responsible for absorption of water and minerals from the soil.

Periderm

The protective outer tissue of woody plants and trees, replacing the epidermis as the plant grows.

Lateral Roots

Roots that branch off from the main root to increase the plant's ability to absorb water and nutrients from the soil.