Exhibit 19-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 16

Multiple Choice

Exhibit 19-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
You are provided with the following information for a company. $\begin{array}{llcc} \text { Net Annual Sales } &60000\\ \text { Average Receivables } &1200\\ \text { COGS } &35000\\ \text { Average Inventory } &3000\\ \text { Average Trade Payables } &1500\\\end{array}$

-Refer to Exhibit 19-3. Calculate the inventory turnover ratio.

• A) 27.23
• B) 23.3
• C) 55.43
• D) 8.67
• E) 11.67

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Definitions:

Crime Prevention

The set of practices, strategies, and actions aimed at stopping crimes from occurring.

Punishment Industry

A term that refers to the network of prisons, jails, and detention centers, along with the businesses and government agencies involved in their operation, emphasizing the profit motive behind incarceration.

Criminal Justice System

An organized set of legal and social institutions that enforce the laws, maintain public order, and deliver justice.

Mass Media

Refers to various forms of media technologies used to reach a large audience via mass communication, including television, radio, newspapers, and the internet.