3) The ABC Company has an inventory turnover of 10.2 times while the XYZ Company has an inventory turnover of 6.9 times. Which of the following conclusions is correct? A) ABC has higher cost of goods sold than does XYZ. B) XYZ sold its inventory quicker than did ABC. C) ABC sold its inventory quicker than did XYZ. D) XYZ has higher cost of goods sold than does ABC. 4) Which item is an indication of competence under the Standards of Ethical Conduct? A) Maintain an appropriate level of professional expertise by continually developing knowledge and skills. B) Refrain from engaging in any conduct that would prejudice carrying out duties ethically. C) Keep information confidential except when disclosure is authorized or legally required. D) Abstain from engaging in or supporting any activity that might discredit the profession. 5) Which item is an indication of credibility under the Standards of Ethical Conduct? A) Refrain from using confidential information for unethical or illegal advantage. B) Abstain from engaging in or supporting any activity that might discredit the profession. C) Maintain an appropriate level of professional expertise by continually developing knowledge and skills. D) Disclose delays or deficiencies in information, timeliness, processing, or internal controls in conformance with organization policy and/or applicable law