Table 3.1 Information (2013 Values)

question 99

Multiple Choice

Table 3.1 Information (2013 values)
1. Sales totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
-Inventory for CEE in 2013 was ________. (See Table 3.1)

• A) $36,667
• B) $32,448
• C) $27,500
• D) $ 9,167

---

Definitions:

Predation

The biological interaction where one organism, the predator, hunts and consumes another organism, the prey, as a means of obtaining energy and nutrients.

Commensalism

Commensalism is a type of symbiotic relationship between two living organisms where one benefits without harming or benefiting the other.

Interspecific Competition

A biological interaction between organisms of different species competing for the same resources in an ecosystem, such as food or space.

Foraging

The act of searching for and exploiting food resources in the wild, often used in the context of animals but also applicable to human gathering activities.