Dividends paid to stockholders are:
a. taxable to the recipient stockholder
b. taxable to the corporation
c. treated the same as bond interest
d. None of the above
If beginning and ending inventories are $20,000 and $30,000, repectively, and cost of goods sold is $400,000, what is the inventory turnover ratio?
a. 18
b. 16
c. 15.5
d. 15