Question 4 Not yet answered Marked out of 1.00 P Flag question Mack Corp. reported annual cost of goods sold of $30,000 and average inventory on hand during the year of $3,750. What was Mack's inventory turnover? Select one: 0 $26,250 0.125 times 8.0% 8.0 times Question 26 Not yet answered Marked out of 1.00 P Flag question If inventory at the end of the year is understated by $105,000, what will this error cause? Select one: O A. An overstatement of gross profit for the year by $105,000 B. An overstatement of inventory for the year by $105,000 C. An understatement of cost of goods sold for the year by $105,000 D. An understatement of net income for the year by $105,000 Question 30 Not yet answered Marked out of 1.00 P Flag question In reconciling the January bank statement, the vice president discovered that the bookkeeper had recorded a check written for $681 as $816 in the cash disbursements journal. For the bank reconciliation, the $135 error should be: Select one: A. Added to balance per general ledger O B. Deducted from balance per bank statement C. Added to balance per bank statement D. Deducted from balance per general ledger