An Inventory Turnover Ratio of 8

question 57

Multiple Choice

An inventory turnover ratio of 8.5 times indicates that:

• A) the inventory of the firm turns over after 8.5 days.
• B) the value of the inventory of the firm is 8.5 percent of the total assets of the firm.
• C) the value of sales of the firm is 8.5 times the value of its sales.
• D) the firm will restock its inventory every 43 days.
• E) the firm will sell its inventory once in 43 days.

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Definitions:

mRNA

Messenger RNA, a type of RNA that carries the genetic information from DNA in the nucleus to the cytoplasm, where it serves as a template for protein synthesis.

Translated

The process by which the sequence of a messenger RNA (mRNA) molecule is used by the ribosome to assemble amino acids into a polypeptide.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene content, one inherited from each parent.

Nucleotides

The basic building blocks of DNA and RNA, consisting of a nitrogenous base, a sugar molecule, and one or more phosphate groups.