Goods Available for Sale Are $43,000; Beginning Inventory Is $15,000;

question 20

Multiple Choice

Goods available for sale are $43,000; beginning inventory is $15,000; ending inventory is $19,000; and cost of goods sold is $47,000. The inventory turnover is: (Round your final answer two decimal places, X.XX)

• A)2.53.
• B)2.76.
• C)2.47.
• D)2.26.

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Definitions:

Verbal Communication

The process of conveying messages, ideas, or feelings through the use of spoken or written language.

Extralinguistic Information

Information conveyed in communication that is not expressed through words themselves but through context, tone, body language, and other nonverbal cues.

Syntactical Structure

The arrangement of words and phrases to create well-formed sentences in a language.

Conversational Inference

The process of deriving additional meaning from a conversation beyond what is explicitly stated, based on context and prior knowledge.