Nieman Inc

question 116

Multiple Choice

Nieman Inc. , a local retailer, has provided the following data for the month of March: The net operating income for March was:

• A)$130, 000
• B)$134, 000
• C)$43, 000
• D)$47, 000

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Definitions:

Leverage

The use of borrowed funds to increase the potential return of an investment.

Average Inventory

The mean value of a company's inventory over a specific period of time, used to calculate cost of goods sold and other financial metrics.

Days In Inventory

Days in inventory is a financial metric that measures the average number of days a company holds inventory before selling it, indicating the efficiency of inventory management.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.