Excerpts from Sydner Corporation's Most Recent Balance Sheet Appear Below

question 184

Multiple Choice

Excerpts from Sydner Corporation's most recent balance sheet appear below:
Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.
-The inventory turnover for Year 2 is closest to:

• A) 3.75
• B) 1.20
• C) 4.09
• D) 0.83

---

Definitions:

Marginal Provincial Tax Rate

The amount of tax payable on an additional dollar of income, specific to a province's taxation system.

Provincial Tax Rates

The tax rates imposed by a province or territory on income, property, and goods and services, which vary by jurisdiction.

Cash Flow

The comprehensive measure of cash flow into and out of a business operation, crucially shaping its financial liquidity.

Depreciation

Allocating the expense of a tangible asset over the period of its use, taking into account its deterioration or outdating.