Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$140 $160 Accounts receivable, net 210 230 Inventory 240 200 Prepaid expenses 10 10 Total current assets$ 600 $ 600 Total current liabilities$ 360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The inventory turnover for Year 2 is closest to:
A. 0.83
B. 3.75
C. 4.09
D. 1.20
Answer: C
Business
You might also like to view...
Identify and describe the three parts of the motivation process.
What will be an ideal response?
Business
Write a note on the market opportunities step of the marketing planning process
What will be an ideal response?
Business
Degeneracy occurs when the linear program model consists of only an infeasible region
Indicate whether the statement is true or false
Business
________ is/are NOT a deliverable for process modeling
A) Context DFD B) DFDs of the system C) Thorough descriptions of each DFD component D) Inadequately decomposed diagrams
Business