Use the Following Information to Answer the Following Question(s)

question 94

Multiple Choice

Use the following information to answer the following question(s) .
Key Ratios for ABC, Ltd.and Its Industry
ABC, Inc.Income Statement (in thousands) December 31, 2016
ABC Ltd Balance Sheet (in thousands) December 31, 2016

-In 2016, ABC's inventory turnover is [blank].

• A)23.9
• B)20.3
• C)15.5
• D)16.1

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Definitions:

Internal-Based Strategies

Strategies focused on leveraging a company's internal strengths and resources to achieve business objectives.

Market Share

The share of the market's total sales volume that is held by a specific brand, product, or company.

Competitor-Oriented Objective

Goals set by a company with a focus on outperforming competitors, often through pricing strategies, product features, or marketing efforts.