Zhang Company reported Cost of goods sold of $835,000 and average Inventory of $41,750. The Inventory turnover ratio is:
A) 0.5 times.
B) 418 times.
C) 20 times.
D) 56 times.
E) 19 times.
C) 20 times.
Explanation: ($835,000/$41,750) = 20 times
You might also like to view...
Executive summaries usually make use of:
a. headings b. bullets c. both of the above d. none of the above
A simple electrical motor has three components: windings, armature, and housing. These three components have reliabilities of .97, .992, and .999. There is no possibility of redundant parts. The motor must have an overall reliability of at least 0
980, according to the product line manager who will use the motor as an input. What would you do to redesign the motor to meet this specification? Discuss, including a recalculation to meet the standard.
All of the following are common reasons why companies fail to achieve a marketing objective EXCEPT:
A. unrealistic marketing objectives B. poor implementation C. plan not formalized D. inappropriate marketing strategy E. changes in the environment after the objective was specified and the strategy implemented
Goals with a time frame of five or more years into the future are called intermediate-term goals
Indicate whether the statement is true or false.