The Average Inventory at Hamilton Industries, Comprising Raw Materials, Work-In-Process

question 62

Multiple Choice

The average inventory at Hamilton Industries, comprising raw materials, work-in-process, and finished goods, was found to be $17.2 million last year. If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.

• A) less than or equal to 3.50
• B) greater than 3.50 but less than 3.75
• C) greater than 3.75 but less than 4.00
• D) greater than 4.00

---

Definitions:

Angiotensin I

Peptide derived when renin acts on angiotensinogen.

Renin

An enzyme secreted by the kidneys that plays a crucial role in the body's regulation of blood pressure.

Angiotensin II

A peptide hormone that causes blood vessels to constrict and blood pressure to increase, part of a vital mechanism regulating blood pressure.

Vasoconstriction

The constriction of blood vessels, which increases blood pressure.