Selected financial information for Solomon Company for 2019 follows: Sales $ 2,500,000
Cost of goods sold 1,750,000
Merchandise inventory
Beginning of year 154,000
End of year 200,000
Required
Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2019? (Round your answer to 2 decimal places.)
Merchandise inventory turnover times

9.89 times

Explanation:

Calculation to determine the merchandise inventory turn over during 2019

First step is calculate the Average Inventory using this formula

Average Inventory = (Opening Inventory + Closing Inventory) / 2

Let plug in the formula

Average Inventory= (154,000 + 200,000) / 2

Average Inventory= 354,000 / 2

Average Inventory= 177,000

Now let determine the Merchandise Inventory Turnover using this formula

Merchandise Inventory Turnover = Cost of goods sold/ Average Inventory

Let plug in the formula

Merchandise Inventory Turnover= 1,750,000 / 177,000

Merchandise Inventory Turnover= 9.89 times

Therefore Assuming that the merchandise inventory buildup was relatively constant, the merchandise inventory turn over during 2019 is 9.89 times

in the brain, which has been associated with the reduction of neurodegeneration and is involved in several central functions such as voluntary control of movement, memory, attention, sleep or anxiety.

For their study, the scientists used mouse models to investigate the effects of nicotine - in different doses: low, medium and high - on appetite, weight, anxiety and levels of nicotinic receptors in the brain.

The results revealed that rodents who received low and medium doses of nicotine did not present any changes of any kind; On the contrary, those who received high doses showed a reduction in food intake and body weight as well as an increase in nicotinic receptors in the brain, as well as an increase in anxiety.

The researchers plan to carry out more studies to investigate the effects of nicotine against neurodegeneration in elderly mice, as well as determine whether the ability of nicotine to reduce appetite and weight gain explains its possible protective effect against aging of the brain

"In the end we have not shown that this addictive drug is safe - and it certainly is not in any way during childhood or adolescence - but the benefits outweigh the potential risks," explains Ursula Winzer-Serhan, labor leader.