The following information was available for Swifty Corporation at December 31, 2017: beginning inventory $89000; ending inventory $128000; cost of goods sold $604000; and sales $992000. Swifty inventory turnover ratio (rounded) in 2017 was

5.57

Explanation:

Calculation to determine what Swifty inventory turnover ratio (rounded) in 2017 was

Using this formula

Inventory turnover ratio =Cost of goods sold/Average Inventory

Let plug in the

Inventory turnover ratio=$604000/[($89000+$128000)/2]

Inventory turnover ratio=$604000/($217,000/2)

Inventory turnover ratio=$604000/108,500

Inventory turnover ratio=5.57

Therefore Swifty inventory turnover ratio (rounded) in 2017 was 5.57

answer; /// the best answer to the above question is; the main economic goal that a society consider when deciding the best way to distribute its wealth is equity, this to ensure that all resources are equally distributed; ///(a) (economic equity)

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.