1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maria [59]
3 years ago
12

Truman Co. sells a large number of common household items, while Stapleton sells a small number of expensive items. The two comp

anies report the same dollar amount for ending inventory and gross profit for the year. Which of the following is most likely true?
A Truman has a higher inventory turnover ratio, and Stapleton has a lower gross profit ratio.

B Stapleton has a higher inventory turnover ratio and higher gross profit ratio.

C Truman has a higher inventory turnover ratio and higher gross profit ratio.

D Truman has a higher inventory turnover ratio, and Stapleton has a higher gross profit ratio.
Business
1 answer:
slava [35]3 years ago
4 0

Answer:

Truman has a higher inventory turnover ratio and Stapleton has a higher gross profit ratio ( D )

Explanation:

Truman sell a large number of common household items ( assuming 100 unit )

while Stapleton sells a small number of expensive items ( assuming 20 units )

lets assume : Truman sells at $5 per unit and Stapleton sells at $50 per unit

with the above assumptions

Truman gross profit ratio = $5 * 100 units = $500

Stapleton gross profit ratio = $50 * 20 units = $1000

from the above assumptions you can deduce that the gross profit made by Stapleton is higher although he sells a smaller amount of goods while Truman has a higher Turnover because of its higher number of sold units

You might be interested in
An algebra class has 20 students and 20 desks. for the sake of variety, students change the seating arrangement each day. how ma
Delicious77 [7]
I'm really not sure this is the right answer, but there are 20! ways to arrange 20 students in different orders. 20! is a VERY large number haha but that's how I'd do it :/

4 0
3 years ago
News analysts are allowed to give a option<br>A.True<br>B.False​
almond37 [142]
The answer is False (B)
8 0
3 years ago
Read 2 more answers
as their financial advisor what part of jim and Jack financial plan would you encourage them to work on
Nadusha1986 [10]
It really depends on how old they are depending on how old they are I would add them to the 504 plan. Which would be for older people for retirement. 
6 0
2 years ago
Which two of the following tips are important to remember when writing a resume?
jonny [76]
<h2>The two of the following tips that are important to remember when writing a resume are: A) be clear and concise in the descriptions you use</h2><h2>D) use bullet points to organize your thoughts </h2>

Explanation:

Our resume should be clear and concise. If the resume is longer than one page, the employer may not go through it. One page resume shows that you are concise, clear, and to the point.

There should be absolutely no typos as spell check doesn’t fix everything!.

Personal information should not be added in the resume like relationship status, age, siblings.

We can list all the jobs that a person had in the past to show our experiments in different fields but it should be something related to the new job.

It is necessary to use bullet points to organize all our thoughts properly.

7 0
3 years ago
​the progressive insurance ad campaign knows that the average person in the target market is exposed to the message 13 times in
Sindrei [870]
This measures frequency, as it states that number of times the target gets to see the message
8 0
3 years ago
Other questions:
  • Net income is $1,000,000 for the year, EBT is $2,500,000, retained earnings in January were $5,000,000, common stock dividends p
    5·1 answer
  • The most obvious benefit of specialization and trade is that they allow us to
    9·1 answer
  • Magnolia, Inc., manufactures bedding sets. The budgeted production is for 17,700 comforters this year. Each comforter requires 7
    12·2 answers
  • 1. Why is it extremely important to read the fine print of your W-4 form?
    13·1 answer
  • How do macroeconomists distinguish between nominal and real values of​ variables?
    9·1 answer
  • Spending on the war in Afghanistan is essentially categorized as government purchases. How do dcreases in spending on the war in
    8·1 answer
  • Answer the following question using the information below:
    10·1 answer
  • Which of the following is an example of deregulation​? A. The price of cable TV has risen to​ $40 a month in November 2013. B. B
    14·1 answer
  • Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 4, and t
    13·1 answer
  • Employee _______________ more readily occurs when employees are informed of the change and are educated on the reason for the ch
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!