Solved

The Following Information Pertains to Unique Company

Question 135

Multiple Choice

The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. What is the inventory turnover for this company? A) 2 times B) 2.25 times C) 1 time D) .44 times What is the inventory turnover for this company?


A) 2 times
B) 2.25 times
C) 1 time
D) .44 times

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q112: The current ratio is a measure of

Q131: Operating data for Panola Land Corporation are

Q139: The following information pertains to Blue Flower

Q152: In a common-size income statement,each item is

Q162: If a company has a discontinued operation

Q178: Comprehensive income includes all revenues, expenses, gains,

Q184: The accounting for each of the following

Q198: A solvency ratio measures the income or

Q201: The current ratio is a<br>A) liquidity ratio.<br>B)

Q268: Long-term creditors are usually most interested in