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:

Protons

Positively charged subatomic particles found within the nucleus of an atom, contributing to the atom's overall positive charge and mass.

Hydrogen Bonding

A type of weak chemical bond formed when a hydrogen atom that is bonded to a highly electronegative atom like oxygen or nitrogen experiences attraction to another electronegative atom.

Molecules

Groups of two or more atoms held together by chemical bonds, constituting the smallest identifiable unit of a compound that retains its composition and chemical properties.

Different Molecules

Distinct entities consisting of two or more atoms bonded together, each with its own chemical and physical properties.