SSS Ltd Has Provided Information from Its Financial Statements for the Year

question 19

Multiple Choice

SSS Ltd has provided information from its financial statements for the year ended 30 June 2018. $\begin{array}{ll}\text { Sales (all on credit) } & \$ 2,000,000 \\\text { Gross profit on sales } & 1,000,000 \\\text { Net profit } & 150,000 \\\text { Cost of sales } & 1,000,000 \\\text { Inventory at end of year } & 200,000 \\\text { Accounts receivable at end of year } & 500,000\end{array}$
-The company trades 365 days per year. The number of times SSS's inventory turned over for 2018 is:

• A)2.0 times.
• B)5.0 times.
• C)5.5 times.
• D)2.2 times.

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Definitions:

Thoracotomy

A surgical procedure involving an incision into the chest wall to gain access to the thoracic organs, especially the heart and lungs.

Umbilical Hernia

A condition characterized by a bulging of the intestine through the abdominal muscles at the belly button, often visible when the baby cries or strains.

Ineffective Airway Clearance

A medical condition where the patient is unable to clear secretions or obstructions from the respiratory tract, leading to breathing difficulties.

Local Anesthetic

A type of medication used to temporarily block sensation in a specific area of the body during medical procedures.