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:

Priming

A psychological phenomenon whereby exposure to one stimulus influences the response to a subsequent stimulus, without conscious guidance.

Activation

The process in which something is prepared or initiated for use or action, often referring to physiological or neural functions.

Associations

Connections or relationships between thoughts, ideas, or concepts.

Unconscious

According to Freud, a reservoir of mostly unacceptable thoughts, wishes, feelings, and memories. According to contemporary psychologists, information processing of which we are unaware.