Multiple Choice
Use the following information for questions
Winnipeg Washing Machines reported net credit sales of $12,000,000 and cost of goods sold of $9,000,000 for the year.The average inventory for the year was $2,000,000.
-The inventory turnover ratio for the year was
A) 4.5 times.
B) 5.3 times.
C) 6.0 times.
D) 22.0 times.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Assets and liabilities of a discontinued operation
Q2: A common measure of profitability is the<br>A)current
Q3: If a company has a current ratio
Q4: All of the following statements about vertical
Q6: Which of the following income statement figures
Q7: Use the following information to answer questions
Q8: Horizontal analysis showed a 25% increase in
Q9: Sustainable income differs from actual profit by
Q11: Vertical analysis expresses each item in a
Q168: Liquidity ratios measure the ability of the