Sheffield Company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year. Sales revenue is $1,972,800, cost of goods sold is $1,145,400, and net income is $248,400 for the year. The inventory turnover ratio is:
A. 14.3.
B. 6.0.
C. 1.8.
D. 8.3.
Answer: D
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The Northern Co. manufactures office chairs. The following has the following information for June Refer to the original data. If the company wants to achieve a target profit of $25,000 for June, they should sell close to:
a.1,869 chairs. b.1,658 chairs. c.1,785 chairs. d.1,428 chairs. e.None of the answers are correct.
In which of the following stages of moral development does the individual make moral decisions based on the consequences and repercussions of their actions?
a. Obedience and punishment orientation b. Instrumental purpose and exchange c. Interpersonal accord, conformity, mutual expectations d. Social accord and system maintenance
A sample of 400 observations will be taken from an infinite population. The population proportion equals 0.8. The probability that the sample proportion will be greater than 0.75 is
A. 0.8764. B. 0.1236. C. 0.9938. D. 0.0062.
What is a mortgage?
A) A loan to purchase a house or other real property B) A security agreement in which real property is pledged as collateral for the related debt C) A contract to purchase a house or other real property D) Any loan associated with real property