The company's average annual sales growth rate from 2005 through 2009 was:

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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uiz.
Question 5
2 pr
Consider the following financial data:
Year
Sales
2005
$3, 892
$3,904
$6, 094
$6, 337
2006
2007
2008
2009
$5, 075
The company's average annual sales growth rate from 2005 through 2009 was:
O 10.1%
O 30.4%
O 6.9%
O 5.5%
Next
• Previous
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Transcribed Image Text:uiz. Question 5 2 pr Consider the following financial data: Year Sales 2005 $3, 892 $3,904 $6, 094 $6, 337 2006 2007 2008 2009 $5, 075 The company's average annual sales growth rate from 2005 through 2009 was: O 10.1% O 30.4% O 6.9% O 5.5% Next • Previous tv MacBook Air DII DD 80 F8 F9 F6 F7 F3 F4 F5 & * 0/
Instructions
quiz.
Question 6
Assume that your firm wants its Inventory Turnover ratio next year to be 7x. Cost of goods Sole
forecasted to be $6,992. What will the forecasted inventory balance have to be to achieve a
Turnover ratio of 7x?
O $999
$6,985
O $48,944
O Can't tell without further information
Next
Previous
JUL
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Transcribed Image Text:Instructions quiz. Question 6 Assume that your firm wants its Inventory Turnover ratio next year to be 7x. Cost of goods Sole forecasted to be $6,992. What will the forecasted inventory balance have to be to achieve a Turnover ratio of 7x? O $999 $6,985 O $48,944 O Can't tell without further information Next Previous JUL tv MacBook Air DII DD 吕0 F6 F7 F8 F9 F3 F4 F5 2$ & * 4 6 7 8 1#
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