The following balance sheet information is provided for Gaynor Company: AssetsYear 2 Year 1Cash$2350? $1600? Accounts receivable 15,100? 13,100? Inventory$25,500? $33,000? Assuming Year 2 cost of goods sold is $111,000, what is the company's inventory turnover?
A. 4.35 times
B. 3.36 times
C. 3.79 times
D. None of these answers is correct.
Answer: C
You might also like to view...
A questionnaire is the vehicle to pose questions that a researcher wants respondents to answer
Indicate whether the statement is true or false
________ means developing a marketing strategy aimed at influencing how a particular market segment perceives a good or service in comparison to the competition
A) Concentrated targeting B) Positioning C) Benefit segmentation D) Mass customization E) Customization
At the optimum solution, what is the total number of units of protein included in the diet?
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
A. 30
B. 40
C. 51
D. 18
Digital billboards embedded with ________ software can identify passersby and then display ads targeted to them, based on their age, gender, and attention level.
A. social media B. data mining C. facial recognition D. Internet tracking E. neuromarketing