Use This Information to Answer the Following Questions:
the Financial

question 6

Multiple Choice

Use this information to answer the following questions:
The financial records of Del Ltd reveal the following at 30 June 2012 :
$\begin{array}{lr} & \$ \\ \text { Net sales for year } & 120,000 \\ \text { Cost of goods sold for year } & 90,000 \\ \text { Inventory, 1 July 2011 } & 27,000 \\ \text { Accounts receivable, 1 July } 2011 & 18,300 \\ \text { Inventory 30 June } 2012 & 33,000 \\ \text { Accounts receivable, 30 June 2012 } & 21,700\end{array}$
-If Del Ltd reduces the number of days' inventory on hand to 60,what will be the new inventory turnover?

• A) 3 times p.a.
• B) 6 times p.a.
• C) 12 times p.a.
• D) 9 times p.a.

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Definitions:

Public Opinion

Public opinion is the collective attitudes, beliefs, and perceptions of the general public or specific demographic groups on various issues, often measured through polling and surveys.

Capricious

Characterized by unpredictable changes of mood or behavior, often leading to sudden and seemingly reasonless actions or decisions.