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:

Transactional Leaders

Leaders who focus on the role of supervision, organization, and group performance; they are concerned with maintaining the normal flow of operations.

Competing Style

A conflict resolution approach where one party seeks to achieve their own goals at the expense of others, often characterized by assertiveness and uncooperativeness.

Aggressive Tactics

Strategies or behaviors that are assertive, forceful, and possibly attacking, often used in competitive contexts.

Al Dunlap

A controversial American executive known for his aggressive cost-cutting measures and restructuring activities, particularly during his tenure at Sunbeam Corporation.