The 2012,2013,and 2014 Partial Balance Sheets for Ottoman Manufacturing Company

question 89

Multiple Choice

The 2012,2013,and 2014 partial balance sheets for Ottoman Manufacturing Company appear below.
Sales revenue for Ottoman was $126,000 for 2012,$120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $84,000 for 2012,$82,400 for 2013 and $72,500 for 2014.
What is the inventory turnover for 2013?

• A) 2.75 times
• B) 3.17 times
• C) 4.00 times
• D) 4.14 times

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Definitions:

Receptor Sites

Specific locations on the surface of a cell or within a cell that are sensitive to certain chemicals, hormones, or neurotransmitters.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another in the brain and nervous system.

Dendrites

Branch-like extensions of neurons that receive signals from other neurons and are crucial for neural communication.

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness.