A Store That Sells Books,magazines and Newspapers Has an Average

question 23

Multiple Choice

A store that sells books,magazines and newspapers has an average inventory of $15,000 at cost.Its cost of goods for last year was $62,000,and its net profit was $9,000.Calculate the retailer's inventory turnover.

• A)1.67
• B)2.14
• C)6.89
• D)4.13
• E)14.5

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Definitions:

Efferent Arteriole

A small blood vessel that leads away from the glomerulus of the kidney after filtration has occurred, playing a role in regulating blood pressure and filtration rate.

Cortical Radiate Vein

Veins within the kidney that transport blood away from the nephrons.

Transitional Epithelium

A type of epithelial tissue that can stretch and change shape, found mainly in the urinary system.

Mucous Coat

A protective layer of mucus covering the inner lining of various organs and body cavities, serving as a barrier against pathogens.