Refer to the Following Selected Financial Information from Graceworks Corp

question 127

Multiple Choice

Refer to the following selected financial information from Graceworks Corp. Compute the company's inventory turnover for Year 2. $$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Merchandise inventory } & 271,000 & 253,500 \\\hline \text { Cost of goods sold } & 486,400 & 433,100 \\\hline\end{array}$$

• A) 1.79.
• B) 1.71.
• C) 1.85.
• D) 0.93.
• E) 1.75.

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for 'fight or flight' response during stressful or emergency situations.

Internal Organs

Vital organs located within the main cavities of the body, such as the brain, heart, kidneys, liver, and lungs, which perform essential functions necessary for survival.

Axons

Long, threadlike parts of nerve cells along which impulses are conducted from the cell body to other cells.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for rapid action in situations of stress or danger.