Selected Year-End Data for the Brayer Company Are Presented Below

question 98

Multiple Choice

Selected year-end data for the Brayer Company are presented below: $\begin{array}{lr}\text { Current liabilities.. }&\$600,000\\\text { Acid-test ratio }&2.5\\\text { Current ratio }&3.0\\\text { Cost of goods sold }&\$500,000\end{array}$
The company has no prepaid expenses and inventories remained unchanged during the year.Based on these data,the company's inventory turnover ratio for the year was closest to:

• A)1.20
• B)2.40
• C)1.67
• D)2.33

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Definitions:

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel towards their work and work environment.

Artificial Requirement

A stipulation for employment that appears essential for the job but actually serves no real purpose and may be used to exclude certain individuals or groups.

Discriminating

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Cost Per Recruit

The total expense incurred by an organization to hire one new employee, including advertising, recruiting, interviewing, and training costs.