Based on the Following Information: What Is the Company's (1)

question 71

Multiple Choice

Based on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year. ​

• A) (1) 14.33 times (2) $589.04 (3) 24.5 days
• B) (1) 23.88 times (2) $589.04 (3) 15.3 days
• C) (1) 13.43 times (2) $597.22 (3) 26.8 days
• D) (1) 14.33 times (2) $597.22 (3) 25.1 days

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Definitions:

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Professional Misconduct

Inappropriate or unethical behavior by a professional in their line of work, violating professional ethics or standards.

Commission of Crime

The act of carrying out or committing a criminal act.

Duty of Care

A legal obligation which requires individuals or organizations to exercise reasonable care towards others, to avoid causing harm or risking safety.