Table 3.2
Dana Dairy Products Key Ratios Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013 Balance Sheet
Dana Dairy Products
December 31, 2013
-The inventory management at Dana Dairy Products ________ since 2012. (See Table 3.2)
A) has deteriorated
B) has remained the same
C) has improved slightly
D) cannot be determined

Question

Table 3.2
Dana Dairy Products Key Ratios  Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013  Balance Sheet
Dana Dairy Products
December 31, 2013 
-The inventory management at Dana Dairy Products ________ since 2012. (See Table 3.2)
A) has deteriorated 
B) has remained the same 
C) has improved slightly 
D) cannot be determined

Quizplus · Accepted Answer

Looking at the balance sheet in Table 3.2, we can see that the inventory turnover ratio has increased from 7.9 in 2012 to 8.3 in 2013, indicating a slight improvement in inventory management. Therefore, the correct answer is C) has improved slightly.

Table 3.2 Dana Dairy Products Key Ratios Income Statement