If a Firm's Inventories on Hand Are $200,000 and Its

question 140

Multiple Choice

If a firm's inventories on hand are $200,000 and its cost of goods sold is $600,000,what is the inventory turnover?

• A)2 times
• B)3 times
• C)4 times
• D)5 times

---

Definitions:

Validity

The extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Objective Tests

Standardized assessments that measure an individual's knowledge or performance on a specific set of criteria with right or wrong answers.

Projective Tests

Psychological assessments where individuals respond to ambiguous stimuli, revealing hidden emotions, desires, and internal conflicts.

Cognitive Learning

A type of learning that involves mental processes, such as thinking, knowing, problem-solving, remembering, and paying attention.