What Is the Inventory Turnover Ratio for ABC Corp

question 102

Multiple Choice

What is the inventory turnover ratio for ABC Corp.if cost of goods sold equals $5,000, current ratio equals 3.0, quick ratio equals 1.5, and the firm has 1,800 in current assets?

• A)4.25
• B)5.56
• C)6.75
• D)7.85

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Definitions:

Deindividuation

A psychological state in which people lose their sense of individual identity and, as a result, feel less inhibited and more likely to behave in ways inconsistent with their normal values.

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Personal Responsibility

The concept of holding oneself accountable for one's actions and accepting the consequences that come with them.

Cohesive Group

A group in which members feel bonded together, promoting mutual respect, agreement, and support for each other.