Assume That the Net Sales for a Company Is $5,000

question 11

Multiple Choice

Assume that the net sales for a company is $5,000, cost of goods sold is $3,000, and average inventory is $1,500. Calculate the inventory turnover ratio.

• A) 2
• B) 0.5
• C) 3.3
• D) 1.3

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Definitions:

Leader's Authority

Leader's Authority refers to the recognized power or right of a leader to guide actions, make decisions, and enforce obedience among followers.

Consequences

The outcomes or effects that result from a particular action or condition.

Politically Correct

Using language or behavior that seeks to minimize offense to gender, race, cultural, or other identity groups.

Experienced Worker

An individual who has gained significant skills and knowledge through prolonged involvement in a particular job or industry.