If a Firm's Inventories on Hand Are $200,000 and Its

question 52

Multiple Choice

If a firm's inventories on hand are $200,000 and its cost of goods sold is $600,000, what is the inventory turnover?

• A) 2.0 times
• B) 3.0 times
• C) 4.0 times
• D) 6.0 times

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Definitions:

Western Europe

A region comprising the western part of Europe, often characterized by developed economies, liberal democracies, and a high standard of living.

War In Afghanistan

A conflict initiated by the United States and its allies in 2001, targeting al-Qaeda and aiming to remove the Taliban from power in Afghanistan.

Grenada

A country located in the Caribbean Sea, comprised of a main island also called Grenada and smaller surrounding islands.

Caribbean Island

Any of the islands in the Caribbean Sea; these islands are known for their distinctive cultures, biodiversity, and major tourist destinations.