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Monday Corporation Has the Following Data Available What Is the Inventory Turnover for Monday Corporation in 2013

Question 55

Multiple Choice

Monday Corporation has the following data available:  Credit Sales, For the Year Ending December 31, 2013 $999 Credit Sales, For the Year Endin December 31,2012 $800 Accounts Receivable, December 31, 2013 $95 Accounts Receivable, December 31, 2012 $70 Accounts Receivable, December 31, 2011 $60 Cost of Goods Sold, For the Year Ending December 31,2013 $399 Cost of Goods Sold, For the Year Ending December 31,2012 $336 Inventory, December 31, 2013 $20 Inventory, December 31, 2012 $60 Inventcry, December 31, 2011 $50\begin{array} { l l } \text { Credit Sales, For the Year Ending December 31, 2013 } & \$ 999 \\\text { Credit Sales, For the Year Endin December 31,2012 } & \$800 \\\text { Accounts Receivable, December 31, 2013 } & \$ 95 \\\text { Accounts Receivable, December 31, 2012 }&\$70 \\\text { Accounts Receivable, December 31, 2011 } & \$ 60 \\\text { Cost of Goods Sold, For the Year Ending December 31,2013 } & \$ 399 \\\text { Cost of Goods Sold, For the Year Ending December 31,2012 } & \$ 336 \\\text { Inventory, December 31, 2013 } & \$ 20 \\\text { Inventory, December 31, 2012 } & \$ 60 \\\text { Inventcry, December 31, 2011 } & \$ 50\end{array} What is the inventory turnover for Monday Corporation in 2013? Has the inventory turnover improved or not improved since 2012?


A) 10.0,improved
B) 10.0,unknown
C) 10.0,not improved
D) 30.0,improved
E) 30.0,not improved

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