The Following Balance Sheet Information Is Provided for Gaynor Company

question 87

Multiple Choice

The following balance sheet information is provided for Gaynor Company:
$\begin{array}{lrr}\text { Assets } & \text { Year 2 } & \text { Year 1 } \\\text { Cash } & \$ 4,000 & \$ 2,000 \\\text { Accounts receivable } & 15,000 & 12,000 \\\text { Inventory } & \$ 35,000 & \$ 38,000\end{array}$
Assuming Year 2 cost of goods sold is $153,300,what is the company's inventory turnover?

• A) 4.0 times
• B) 4.4 times
• C) 4.2 times
• D) None of these answers is correct.

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Definitions:

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a handbook used by healthcare professionals in the United States and much of the world as the authoritative guide to the diagnosis of mental disorders.

Sexual Disorder

A condition that affects an individual's sexual desire, performance, or behavior in a way that causes distress or impairment in personal, social, or other important areas of functioning.

Psychological Health

A state of mental well-being where an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make contributions to their community.

Physical Health

Refers to the well-being of the body and the proper functioning of the organism of an individual, often associated with a healthy lifestyle and absence of disease.