Anderson Farms Company Provided the Following for 2018 Calculate the Company's Inventory Turnover Ratio for the Year

question 199

Multiple Choice

Anderson Farms Company provided the following for 2018: $$\begin{array} { | l | r |} \hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,200,000 \\\hline \text { Beginning Merchandise Inventory } & 300,000 \\\hline \text { Ending Merchandise Inventory } & 640,000 \\\hline\end{array}$$ Calculate the company's inventory turnover ratio for the year.(Round your answer to two decimal places.)

• A) 4.00 times per year
• B) 2.55 times per year
• C) 1.88 times per year
• D) 1.28 times per year

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Definitions:

Corpus Callosum

A wide, thick nerve tract consisting of a bundle of nerve fibers that connects the two cerebral hemispheres, facilitating interhemispheric communication.

Motor Cortex

A part of the cerebral cortex concerned with devising, supervising, and enacting movements done by choice.

Left Side Of The Brain

Refers to the left hemisphere of the brain, which is typically associated with logical reasoning, analytical skills, and language processing.

Limb Movements

Physical actions or gestures involving the arms, legs, hands, or feet, often in relation to locomotion or expression.