Here are some questions at the end of the chapter that I didnt quite understand.

Gayton Corporation purchased 1,000 shares of Smart common stock ($50 par) at $80 per share as a short-term investment. The shares were subsequently sold at $78 per share. The cost of the securities purchased and gain or loss on the sale were

Cost Gain or Loss

A $50,000 $2,000 gain

B. $50,000 $2,000 loss

C. $80,000 $2,000 gain

D. $80,000 $2,000 loss

Usman Department Store had beginning inventory $100,000, cost of goods sold $750,000, and ending inventory $150,000. What was Usman's inventory turnover?

a. 3 times. b. 6 times. c. 7.5 times. d. 5 times.