Multiple Choice
Tellus and Rojers Corp. are close competitors. Last year, both had the same level of cost of goods sold, but Tellus turned its inventory over five times during the year while Rojers Corp. turned its inventory over every 65 days. If the objective is to keep inventory as low as possible (on average) , which of the following is true?
A) Tellus did a better job since its inventory turnover was lower.
B) Rojers Corp, did a better job since its days' sales in inventory was lower.
C) Tellusa better job since its days' sales in inventory was lower.
D) Rojers Corp. did a better job since its inventory turnover was lower.
E) Tellus did a better job since its level of inventory was lower.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Frederico's has a profit margin of 6%,a
Q23: Calculate net income given the following information:
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt=" The
Q25: An equity multiplier of 1.64 means that
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt=" What
Q27: Patti's Pizza has net income of $218,490,
Q29: Jeminson's Hardware has accounts payable of $682,
Q30: According to the statement of cash flows,
Q31: Calculate net income given the following information:
Q32: The financial ratio measured as the price