The following is a summary of information presented on the income statements of Haley Publications and Johnston Publications for December 31, 2007.

-Which company has the best inventory turnover rate?
A) Johnston Company has the best inventory turnover rate.
B) The companies have the same inventory turnover rate.
C) Haley Company has the best inventory turnover rate.
D) It is impossible to determine which company has the best inventory rate with the information presented.

Question

The following is a summary of information presented on the income statements of Haley Publications and Johnston Publications for December 31, 2007.
 
-Which company has the best inventory turnover rate?
A) Johnston Company has the best inventory turnover rate. 
B) The companies have the same inventory turnover rate. 
C) Haley Company has the best inventory turnover rate. 
D) It is impossible to determine which company has the best inventory rate with the information presented.

Quizplus · Accepted Answer

Without specific data on inventory levels, sales, or the time period in question, it's impossible to accurately determine which company has the best inventory turnover rate.

The Following Is a Summary of Information Presented on the Income