Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.
Mail Us[email protected]
Menu
Apics Discussions
exam questions

Exam CLTD All Questions

View all questions & answers for the CLTD exam
Go to Exam

Exam CLTD topic 1 question 27 discussion

Actual exam question from APICS's CLTD
Question #: 27
Topic #: 1
[All CLTD Questions]

A corporation is projecting annual sales at $35 million, cost of goods sold (COGS) at $25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:

  • A. $4.4 million
  • B. $5 million
  • C. $7 million
  • D. $7.6 million.
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by Paquito at Aug. 24, 2020, 11:25 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
sparkyh
1 year, 1 month ago
B. Average inventory level = Annual cost of goods sold / Inventory turns goal Average inventory level = $25 million / 5.0 = $5 million
upvoted 3 times
...
Aziz8903
1 year, 3 months ago
=25/5=5
upvoted 3 times
...
CLTD123
1 year, 6 months ago
Had the exam same question today at my exam. Average inventory = Cost of goods sold / Inventory turnover, therefor answer B should be correct.
upvoted 3 times
...
dailong142002
3 years, 2 months ago
Yes, I think B as the formula is Inventory turnover ratio = Cost of goods sold / Average inventory
upvoted 2 times
...
Xinxinxin
3 years, 3 months ago
Nobody think $5 is the right answer???
upvoted 1 times
...

Get IT Certification

Unlock free, top-quality video courses on ExamTopics with a simple registration. Elevate your learning journey with our expertly curated content. Register now to access a diverse range of educational resources designed for your success. Start learning today with ExamTopics!

Start Learning for free
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel