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

question 99

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.What business event could explain the change in the inventory turnover ratio from 2011 to 2012?

• A)Acme had a lot of obsolete inventory at the beginning of 2011 that was difficult to sell.
• B)Acme expects to have much higher sales in 2013,and built up its inventory at the end of 2012 to get ready for these higher sales.
• C)Foreign competition made it much more difficult to sell merchandise in 2011.
• D)Acme lowered its prices in 2012 and was able to sell goods much more quickly.

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Definitions:

Difference

The difference obtained when one number is subtracted from another.

Alcohol Solution

A mixture where alcohol is the solvent, dissolving a solute to form a solution.

Liters

A metric unit of volume equal to one cubic decimeter.

Linear Equations

Equations that depict lines in a coordinate system and can be written in the form \(y = mx + b\), where \(m\) is the slope and \(b\) is the y-intercept.