The Following Selected Information Is from Acme's Annual Report for the Years

question 179

Multiple Choice

The following selected information is from Acme's annual report for the years ended December 31:

-Refer to the Acme annual report above.Calculate the inventory turnover ratio for 2012.

• A)4.9 times
• B)2.7 times
• C)3.4 times
• D)The answer cannot be determined from the information given.

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Definitions:

Contingency

An event or condition that is possible but cannot be predicted with certainty, often requiring flexible planning and response strategies.

Mechanistic Organisational Design

A highly structured and formal organisational structure, characterized by clear hierarchies, rigid departmentalization, and strict procedural guidelines.

Organic Design

An approach to designing systems or structures in a way that is natural, adaptable, and capable of evolving over time.

Ethics

Sets standards as to what is good or bad, or right or wrong in a person’s conduct.