From the Following Details Provided by Trinidad Inc

question 82

Essay

From the following details provided by Trinidad Inc. Calculate the Merchandise Inventory turnover ratio for the year 2015.
$\begin{array}{llcc}\\&\underline{2015}&\underline{2014}\\ \text {Cost of Goods Sold } &585,000&475,000 \\ \text { Merchandise Inventory } &320,000&295,000\\\end{array}$

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Definitions:

Significance Level

This is the probability of rejecting the null hypothesis when it is true, usually denoted by alpha (α), and used as a threshold for determining statistical significance.

Null Hypothesis

A hypothesis that states there is no significant difference or effect, typically to be tested against an alternative hypothesis.

Expected Number

A statistical term referring to the calculated average or mean value anticipated in a probability distribution or experiment.

Strongly Opposed

Having or expressing a firm disagreement or disapproval.