The Following Information Is Available for Park Company at December

question 116

Multiple Choice

The following information is available for Park Company at December 31, 2011: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $900,000; and sales $1,200,000.Park's inventory turnover in 2011 is

• A)12 times.
• B)11.3 times.
• C)9 times.
• D)7.5 times.

---

Definitions:

Triangular Theory

Often referred to in the context of love, this theory posits that love comprises three components: intimacy, passion, and commitment.

Liking

A positive feeling toward something or someone, often based on appreciation or enjoyment.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Marriage Gradient

A pattern observed in mate selection, where typically men marry women who are slightly younger, shorter, and lower in status, while women marry men who are older, taller, and higher in status.