The average inventory at Hamilton Industries, comprising raw materials, work-in-process, and finished goods, was found to be $17.2 million last year
If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.
A) less than or equal to 3.50
B) greater than 3.50 but less than 3.75
C) greater than 3.75 but less than 4.00
D) greater than 4.00
C
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A city passes a bond issue to improve streets in a particular neighborhood. The properties in that area will be burdened:
A. according to the value of the property B. according to the size of the lot C. in proportion to the benefits that the land will receive D. identically
The "accumulated other comprehensive income" account can help investors to ________
A) gauge potential threats to net income B) understand ongoing changes in assets' fair value C) assess possible "windfalls" to net income D) all of the above