Which of the following is not true about inventory?

	If inventory levels are too low the firm risks losing sales opportunities.
	If inventory levels are too high return on investment is reduced and inventory could become obsolete.
	Inventory levels relative to cost of goods sold and sales will vary by industry.
	Inventory always grows at the same rate as revenue.

Property, plant and equipment represents and includes:

	Fixed assets used to generate sales over a period of years.
	Goodwill
	Current assets
	All of the above.

Bald Eagle Feather Company (BEFC) has current assets of $2,000,000 and current liabilities of $1,000,000.

Within those current assets are cash of $500,000, receivables of $1,000,000 and inventory of $500.000. What is the current ratio?

	1.50x
	2.00x
	1.75x
	1.00x

Recall Bald Eagle Feather Company's accounts receivable of $500,000. Assume this was the end of the year and at the beginning of the year receivables were $400,000. Now assume BEFC's average credit sales for the year were $2.7 million. What was the accounts receivable turnover for the year?

Question 8 options:

	5.4x
	6.0x
	6.7x
	8.0x