The 2020 Financial Statements of Barclay Ltd

question 15

Multiple Choice

The 2020 financial statements of Barclay Ltd. reported beginning inventory of $130,000, ending inventory of $140,000, and cost of goods sold of $650,000 for the year. To one decimal, Barclay's inventory turnover ratio for 2020 is

• A) 2.9 times.
• B) 3.4 times.
• C) 4.0 times.
• D) 4.8 times.

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Definitions:

Free Agents

Independent workers that supply organizations with short-term talent for projects or time-bound objectives.

Independent Workers

Individuals who earn their living by working independently, not as employees of a company, typically as freelancers, consultants, or contractors in various industries.

Part-Time Talent

Refers to individuals who work on a part-time basis, often bringing specialized skills to a role or project for a limited period.

Job Sharing

An employment arrangement where two or more people are hired to share the responsibilities of one full-time position, often leading to improved work-life balance.