The average inventory at Hamilton Industries, comprising raw materials, work-in-process, and finished goods, was found to be $17.2 million last year
If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.
A) less than or equal to 3.50
B) greater than 3.50 but less than 3.75
C) greater than 3.75 but less than 4.00
D) greater than 4.00
C
You might also like to view...
What are the two steps in broadbanding?
What will be an ideal response?
Generally speaking, a firm will create value if its return on invested capital (ROIC) is less than the cost of capital.
Answer the following statement true (T) or false (F)
When selecting specific target markets, a firm should
A. revert to an undifferentiated approach if the market is deemed heterogeneous. B. choose the segments most in line with the firm's objectives and long-term growth. C. choose all segments that are determined to be profitable for the organization. D. choose the minimum number of segments necessary to achieve company sales potential. E. pick the segments with the best sales forecasts for the upcoming period of time.
When both parties prove their identities to the other, this is called ________
A) mutual authentication B) symmetric authentication C) authentication D) dual authentication