Hawley's inventory turnover ratio in 2007 was
The following information was available for Hawley Company at December 31, 2007: beginning inventory $160,000; ending inventory $240,000; cost of goods sold $700,000; and sales $1,000,000.
a. 5.0 times.
b. 4.3 times.
c. 3.5 times.
d. 2.9 times.
Ans: c. 3.5 times.
Business
You might also like to view...
What is the basic assumption behind value-based pricing?
a. Consumers are more concerned about price than quality. b. Additional long-term costs to manufacturers will increase. c. Increased profitability for wholesalers will increase the number of services they are willing to perform. d. The firm is both customer-driven and competitor-driven.
Business
Employers have an obligation to train employees about ethical behavior.
a. true b. false
Business