Kaelker Corporation Has Provided the Following Data The Inventory Turnover for This Year Is Closest To:
A)3

question 34

Multiple Choice

Kaelker Corporation has provided the following data: $\begin{array}{lrr}&\text { This Year } & \text { Last Year } \\\text { Accounts receivable. }&\$ 95,000 & \$ 101,000 \\\text { Inventory. }&\$ 213,000 & \$ 186,000 \\\text { Sales on account }&\$ 854,000 & \\\text { Cost of goods sold }&\$ 671,000 &\end{array}$

The inventory turnover for this year is closest to:

• A)3.36
• B)0.87
• C)1.15
• D)3.15

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Definitions:

Advertising Campaign

A series of advertisement messages that share a single idea and theme intended to achieve a particular goal.

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Components of a marketing strategy including advertising, sales promotions, public relations, personal selling, and direct marketing.

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The plan devised to communicate the benefits of a product or service to the target market, utilizing tools like advertising, sales promotion, and public relations.