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:

Risky Asset

An investment that carries a significant possibility of losing some or all of its original value.

Delta

In finance, delta refers to the ratio that compares the change in the price of an asset, usually a derivative, to the corresponding change in the price of its underlying asset.

Risky Investment

An investment that carries a higher probability of losing money, alongside the possibility of yielding high returns.