Ratios best expresses inventory turnover

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Reference no: EM131707684

1. Wear Crush Inc. is an apparel company known for its affordable clothes that follows a cost-leadership strategy. In this scenario, Wear Crush should ideally compare its strategic position with

A. a company that sells wristwatches at affordable prices.

B. a luxury apparel company that sells designer clothes.

C. an apparel company popular among price-conscious customers.

D. an online company that sells customized pet clothing.

2. The working capital of a small home-based business is $200,000. The revenues generated account to $600,000, and the profits incurred are $300,000. What would be the company's working capital turnover?

3, that is, $600,000/$200,000

$300,000, that is, $600,000 – $300,000

2, that is, $600,000/$300,000

$100,000, that is, $300,000 – $200,000

3. Which of the following ratios best expresses inventory turnover?

A. Inventory/Working capital

B. Annul profits/Inventory

C. Inventory/Per unit cost of production

D. Cost of goods sold/Inventory

4. The ratio of SG&A/Revenue is an indicator of a firm's focus on

A. researching to produce innovative products and services.

B. marketing to promote its products and services.

C. producing a good in an efficient manner.

D. creating a good that is cost-effective.

Reference no: EM131707684

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