Marlin Wants to Calculate the Inventory Turnover Ratio for His

question 230

True/False

Marlin wants to calculate the inventory turnover ratio for his company. He has the following information: beginning inventory = $30 000; ending inventory = $20 000; the cost of goods sold = $100 000. From this he concludes that the inventory turnover ratio is 4.0.

---

Definitions:

OLED TVs

Televisions that use Organic Light-Emitting Diodes for a better display with higher contrast, deeper blacks, and a wider viewing angle compared to traditional LCDs.

LCD TVs

Liquid Crystal Display Televisions, a technology for displaying images.

Opportunity Cost

The next best alternative forgone as the result of making a decision.

LCD Televisions

Televisions that use liquid crystal displays to produce images, known for their slim profiles and energy efficiency compared to older technologies.