Monday Corporation Has the Following Data Available What Is the Inventory Turnover for Monday Corporation in 2013

question 98

Multiple Choice

Monday Corporation has the following data available: $\begin{array} { l l } \text { Credit Sales, For the Year Ending December 31, 2013 } & \$ 999 \\\text { Credit Sales, For the Year Endin December 31,2012 } & \$800 \\\text { Accounts Receivable, December 31, 2013 } & \$ 95 \\\text { Accounts Receivable, December 31, 2012 }&\$70 \\\text { Accounts Receivable, December 31, 2011 } & \$ 60 \\\text { Cost of Goods Sold, For the Year Ending December 31,2013 } & \$ 399 \\\text { Cost of Goods Sold, For the Year Ending December 31,2012 } & \$ 336 \\\text { Inventory, December 31, 2013 } & \$ 20 \\\text { Inventory, December 31, 2012 } & \$ 60 \\\text { Inventcry, December 31, 2011 } & \$ 50\end{array}$ What is the inventory turnover for Monday Corporation in 2013? Has the inventory turnover improved or not improved since 2012?

• A)10.0,improved
• B)10.0,unknown
• C)10.0,not improved
• D)30.0,improved
• E)30.0,not improved

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Definitions:

Regression Line

A line that attempts to predict the relationship between two variables by minimizing the distance between the line and all the data points.

Slope

In the context of linear regression, it's the angle of the line of best fit, showing the rate of change between variables.

SSE

The sum of squared errors between observed and predicted values in statistical models, indicating the model's accuracy.

SST

Total Sum of Squares, a measure of the total variation in a dataset.