Alpha Company Had $45,000 in Beginning Inventory and $80,000 in Ending

question 74

Multiple Choice

Alpha Company had $45,000 in beginning inventory and $80,000 in ending inventory. Cost of goods sold for the period was $25,000. The inventory turnover is:

• A)0.56.
• B)0.3125.
• C)0.4.
• D)4.0.

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Definitions:

Military

The military is the armed forces of a country, tasked with defending the nation from external threats and ensuring internal security.

Intelligence Officials

Individuals working within the government who are responsible for gathering, analyzing, and using information for national security.

Delegate Power

The act of entrusting authority or responsibility from a higher authority to a lower one or from a principal to an agent.

Executive Branch

The branch of government responsible for implementing and enforcing laws, headed by the President and including departments and agencies that administer government functions.