Just Camshafts Sells Auto Parts

question 38

Multiple Choice

Just Camshafts sells auto parts. Provided below is selected financial information from the company's 2007 annual report: Just Camshafts forecasts that sales will grow by 25% in 2008 and that its cost of goods sold to sales ratio will be the same in 2008 as it was in 2007. If these assumptions prove correct and Just Camshafts inventory turnover ratio for 2008 is 4.5 what will be the level of inventory at the end of 2008?

• A) $31,353
• B) $38,320
• C) $40,000
• D) $42,314

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Definitions:

Ethical Decisions

Choices made based on moral principles and values, especially relevant in professional settings to ensure fairness, integrity, and respect.

Cooperative Acceptance

The right of employees to be treated fairly and with respect regardless of race, sex, national origin, physical disability, age, or religion, while on the job.

Discriminated Against

Treated unjustly or unequally based on personal characteristics such as race, gender, or age.

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace or other professional or social situations.