The Following Data Were Taken from the Annual Reports of Big

question 18

Multiple Choice

The following data were taken from the annual reports of Big Bang Inc., a manufacturer of fireworks, and Orange Inc., a manufacturer of computers. $\begin{array}{|l|r|r|}\hline & \text { Big Bang, Inc. } &{\text { Orange, Inc. }} \\\hline \text { Cost of goods sold } & \$ 830,000 & \$ 11,540,000 \\\hline \text { Inventory, end of year } & 190,000 & 320,000 \\\hline \text { Inventory, beginning of year } & 240,000 & 290,000 \\\hline\end{array}$
What is the inventory turnover for Big Bang and Orange.

• A)
• Big Bang, Inc.: 94.55
• Orange, Inc.: 9.65
• B)
• Big Bang, Inc.: 3.86
• Orange, Inc.: 9.65
• C)
• Big Bang, Inc.: 3.86
• Orange, Inc.: 37.84
• D) Big Bang, Inc.: 94.55
• Orange, Inc.: 37.84

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Definitions:

Uracil

A nitrogenous base found in RNA that pairs with adenine during RNA synthesis.

Nucleotide Bases

The building blocks of DNA and RNA molecules, consisting of adenine (A), cytosine (C), guanine (G), thymine (T), and uracil (U, in RNA).

RNA

Ribonucleic acid, a molecule essential for various biological roles, including coding, decoding, regulation, and expression of genes.

Translation

Translation is a biological process by which messenger RNA is decoded by a ribosome to produce a specific amino acid chain, or polypeptide, that will fold into an active protein.