Truman CoSells a Large Number of Common Household Items,while Stapleton Sells

question 60

Multiple Choice

Truman Co.sells a large number of common household items,while Stapleton sells a small number of expensive items.The two companies report the same dollar amount for ending inventory and gross profit for the year.Which of the following is most likely true?

• A)Truman has a higher inventory turnover ratio and higher gross profit ratio.
• B)Truman has a higher inventory turnover ratio,and Stapleton has a higher gross profit ratio.
• C)Truman has a higher inventory turnover ratio,and Stapleton has a lower gross profit ratio.

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Definitions:

Psychosexual Stages

Freud's theory of five developmental stages in childhood, each characterized by a different focus of libido (sexual drives).

Electra Complex

The Electra Complex is a psychoanalytic theory proposed by Carl Jung, suggesting that a young girl experiences subconscious romantic feelings towards her father and jealousy towards her mother.

Unconscious

A part of the mind that is not accessible to conscious thought, but which affects behaviors and emotions.

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