Based on the information in Table 4-1, the inventory turnover ratio is
A) 1.3 times. B) 2.5 times. C) 2.0 times. D) 2.9 times.
C
Business
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Last year, MacTeck Enterprises had total revenues of $34 million while its total expenses were $22 million. Based on this information, MacTeck:
A. earned a profit of $12 million. B. earned a profit of $56 million. C. suffered a loss of $12 million. D. suffered a loss of $22 million
Business
A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaurant nearby sells entrees for $20, $30, and $45. Both of these restaurants are using ________
A) demand-based pricing B) cost-based pricing C) psychological pricing D) prestige pricing E) penetration pricing
Business