Inventory turnover measures ________
A) the days' sales in inventory ratio
B) how rapidly merchandise inventory is purchased
C) how rapidly merchandise inventory is sold
D) the time period for inventory to become obsolete
C
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For 2018 Roberto files his tax return as married filing separately. He has not lived with his wife for over three years. In the current year, by order of the court, he paid her $500 per month for 12 months as separate maintenance. He will be able to deduct $6,000 as alimony for the year.
Answer the following statement true (T) or false (F)
When performing vertical analysis of a balance sheet, the base amount is ________.
A) total assets B) total cash and cash equivalents C) net income D) gross profit
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A limited partner owes a duty of care to the partnership similar to that of a general partner
a. True b. False Indicate whether the statement is true or false