For the past year, the turnover was?
A)1.00.
B)0.33.
C)2.00.
D)1.33.

Question

Quizplus · Accepted Answer

The correct answer is based on calculating the turnover ratio, which typically involves dividing the total sales or revenue by the average inventory for a period. A turnover of 1.33 suggests that the entity cycled through its inventory 1.33 times over the past year. This is a specific calculation that would require specific data to determine accurately, but among the provided options, D) 1.33 is chosen as the correct answer based on the context of the question.

For the Past Year, the Turnover Was