A Company Has $72,500 of Inventory at the Beginning of the Year

question 7

Multiple Choice

A company has $72,500 of inventory at the beginning of the year and $65,500 at the end of the year.Sales revenue is $986,400,cost of goods sold is $572,700,and net income is $124,200 for the year.The inventory turnover ratio is:

• A)1.8.
• B)8.3.
• C)6.0.
• D)14.3.

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Definitions:

Perceived Organizational Support

Indicates the extent to which employees believe their organization values their contributions and cares about their well-being.

Trust Perceptions

Individuals’ beliefs in the reliability, truth, ability, or strength of someone or something within an organizational context.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals effectively and efficiently.

POS

Perceived Organizational Support; the degree to which employees believe their organization values their contributions and cares about their well-being.