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.

Acknowledge that one's purpose and goals may evolve with new discoveries about oneself and one’s abilities.

Learn that proactive goal setting and planning are superior to merely reacting to circumstances.

Understand the role of goal relevancy and the process involved in achieving goals.

Identify the benefits and considerations of online classes.

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Definitions:

Ethical Situations

Scenarios or dilemmas that involve making decisions based on moral principles and values.

Business Settings

The environment or context within which commercial activities are conducted, including physical locations and virtual platforms.

Mature Environments

Environments or sectors that have reached a state of equilibrium with established players, slow innovation, and stable customer demand.

Stable Environments

Contexts or settings characterized by predictability and consistent conditions, beneficial for strategic planning and business operations.