Given the Following Information, Calculate the Inventory Turnover for ABC

question 24

Multiple Choice

Given the following information, calculate the inventory turnover for ABC Co. for 2006 (pick closest number) . $$\begin{array} { | l | r | r | } \hline \text { (in thousands of dollars) } & { 2006 } & { 2005 } \\\hline \text { Sales } & \$ 19,535 & \$ 15,470 \\\hline \text { Cost of Goods Sold } & \$ 15,101 & \$ 11,184 \\\hline \text { Inventory } & \$ 2,809 & \$ 2,260 \\\hline\end{array}$$

• A) 8.96
• B) 7.22
• C) 6.93
• D) 6.18

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Definitions:

Evolutionary Perspective

A theoretical approach that explains certain human behaviors and psychological traits as adaptations that have evolved to increase survival and reproductive success.

Mate Preferences

The qualities or attributes in a potential partner that are considered desirable or important in the context of romantic or sexual relationships.

Survival Strategies

Tactics or behaviors employed by individuals or species to ensure survival and reproductive success.

Conscientiousness

A personality trait characterized by thoughtfulness, good impulse control, goal-directed behaviors, and organization.