What Is the Inventory Turnover Ratio for ABC Corp

question 17

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) 2.78 times
• B) 4.17 times
• C) 5.56 times
• D) 8.33 times

Understand the significance of reliability in behavioral measurement.

Acknowledge the utilization of brain imaging technologies in understanding the biological basis of behavior.

Recognize the importance of sample representativeness and random sampling in survey research.

Appreciate the ethological approach in studying behavior in natural contexts to minimize observation effects.

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Definitions:

Shakespeare's Dramas

The theatrical works produced by William Shakespeare, noted for their profound exploration of human nature and society.

Blank Verse

A form of poetry that typically consists of unrhymed lines in iambic pentameter, notable for its use in English dramatic and epic poetry.

Letters

Characters or symbols used in written language to represent sounds or to form words.

Number

A mathematical object used to count, measure, and label.