A Company Has an Inventory Turnover Ratio of 2

question 67

Short Answer

A company has an inventory turnover ratio of 2.90,merchandise inventory for 2011 is $46,095,and cost of goods sold is $173,420.What is the average inventory?

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Definitions:

Ethical Dilemmas

Situations that involve a conflict between moral imperatives, where to obey one would result in transgressing another.

Conflicts Of Interest

Situations where one's personal interests might compromise their professional obligations or duties.

Sexual Harassment

Unwanted or inappropriate sexual advances, remarks, or acts, typically in a workplace or other professional setting, that create a hostile or offensive environment.

Spotlight Questions

Questions designed to focus attention on specific issues, often used in interviews or surveys to gather detailed insights.