<span>The Poverty threshold is the minimum level of income deemed adequate in a particular country. in general the poverty line is significantly higher in developed countries than in developing countries.In 2008 the World Bank fixed this at $1.25 at 2005 purchasing-power parity.
In the USA , for a single person under 65 the poverty threshold was an annual income of usd11,770 ; the threshold for a family of four including two children was USD 24,250.
But in October 2015 the same was revised to $1.90 at 2011 purchasing-power parity.</span>
Answer:
where are the options for these questions
Answer:
2.7
Explanation:
The inventory turnover is defined as the ratio between the cost of merchandise sold during the year and the average inventory.
Average inventory can be defined as the mean between initial and ending inventory. The inventory turnover is:
![IT=\frac{\$270,000}{\frac{\$110,000+\$90,000}{2} } \\IT=2.7](https://tex.z-dn.net/?f=IT%3D%5Cfrac%7B%5C%24270%2C000%7D%7B%5Cfrac%7B%5C%24110%2C000%2B%5C%2490%2C000%7D%7B2%7D%20%7D%20%5C%5CIT%3D2.7)
The inventory turnover ratio is 2.7.