Dowling's Average Inventory Balance for 2009 Is

question 111

Multiple Choice

Dowling's average inventory balance for 2009 is:

• A)11.
• B)12.
• C)11.5.
• D)12.5.Inventory turnover = cost of goods sold / (avg inventory), so average inventory = COGS/(inventory turnover) = 60/5.22 = 11.5.

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Definitions:

Abdominal

Pertaining to the abdomen, the body region that contains the primary organs of the digestive system.

Thoracic

Pertaining to the thorax, or chest region, which houses the heart and lungs among other vital organs.

Dorsal

Relating to the back or posterior part of an organism in contrast to the ventral, or front, side.

Mediastinum

The central compartment of the thoracic cavity, located between the lungs, containing the heart, thymus, esophagus, trachea, and major blood vessels.