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

Examine the process and outcomes of higher-order conditioning.

Recognize the impact of classical conditioning on educational practices, advertising, and behavior modification techniques.

Understand the concept and importance of intermodal transportation and its distinction from intrastate transportation.

Recognize the basic functions of warehousing activities.

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Definitions:

Flat Bone

A type of bone with a thin, flattened shape, providing protection for internal organs and serving as a site for hematopoiesis; examples include the skull and ribs.

Carpal Bone

One of the small bones forming the wrist (carpus) that connects the hand to the forearm.

Lamellae

Thin layers or plates of tissue or material, commonly found in bone, representing the basic structure of compact bone.

Lacunae

Lacunae are small cavities in bone or cartilage tissue that house cells, such as osteocytes in bones, providing a microenvironment for cell maintenance and nutrient exchange.