Last year, Cool Lope, Inc. had an inventory turnover rate of 6.8. This year, the turnover rate is 7.1. Based on this information, you know the:

a. Firm’s inventory level is higher this year than it was last year.
b. Firm’s sales decreased from last year to this year.
c. Days’ sales in inventory decreased from last year to this year.
d. Average time it takes to sell inventory has increased.

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.