The Orlando MedicalOrlando Medical Corporation financial statements? follow: LOADING... ?(Click the icon to view the consolidated balance? sheets.) LOADING... ?(Click the icon to view the consolidated income? statements.) Orlando MedicalOrlando Medical?\'s inventory turnover during fiscal year 20142014 was A. 8484 times. B. ?$35 comma 16435,164. C. very slow. D. 138.0138.0 times. Orlando Medical Corporation Consolidated Statements of Financial Position December 31, (In Millions) 2014 2013 Assets: Current assets Cash and cash equivalents $4,344 $4,237 Accounts and notes receivable 3,402 2,409 Short-term investments 855 504 Inventories, at cost 435 404 Prepaid expense and other current assets 1,638 1,220 Total current assets 10,674 8,774 Property and equipment, net 1,560 933 Investments 6,804 5,300 Other non-current assets 301 160 Total assets $19,339 $15,167 Liabilities and stockholder\'s equity: Current liabilities Accounts payable $7,703 $6,002 Accrued and other liabilities 3,787 3,011 Total current liabilities 11,490 9,013 Long-term debt 305 306 Other non-current liabilities 1,687 1,177 Total liabilities 13,482 10,496 Stockholders’ equity Preferred stock and capital in excess of $0.02 par value; shares issued and outstanding: none - - Common stock and capital in excess of $0.05 par value; shares authorized: 6,000; shares issued: 2,112 and 1,852, respectively 7,804 7,001 Treasury stock, at cost; 184 and 124 shares, respectively (6,333) (4,401) Retained earnings 4,516 2,162 Other comprehensive loss (98) (49) Other (32) (42) Total stockholders’ equity 5,857 4,671 Total liabilities and stockholders’ equity $19,339 $15,167 PrintDone Orlando Medical Corporation Consolidated Statements of Income Year ended December 31, (In Millions, Except per Share Amounts) 2014 2013 2012 Net revenue $42,667 $35,613 $31,124 Cost of goods sold 35,164 29,270 25,478 Gross profit 7,503 6,343 5,646 Operating expenses: Selling, general, and administrative 3,747 3,275 2,600 Research, development, and engineering 584 560 534 Special charges - - 503 Total operating expenses 4,331 3,835 3,637 Operating income 3,172 2,508 2,009 Investment and other income (loss), net 195 194 (78) Income before income taxes 3,367 2,702 1,931 Income tax expense 1,100 912 475 Net income $2,267 $1,790 $1,456 Earnings per common share: Basic $1.24 $0.94 $0.41 Solution Answer : A. 84 times => Inventory t/o = COGS/average inventoryYear20142014Cost of Goods Sold3516435164Average Inventory(435+404)/2419.5Inventory Turnover83.82.

1. The Orlando MedicalOrlando Medical Corporation financial statements? follow: LOADING...
?(Click the icon to view the consolidated balance? sheets.) LOADING... ?(Click the icon to view
the consolidated income? statements.) Orlando MedicalOrlando Medical?'s inventory turnover
during fiscal year 20142014 was A. 8484 times. B. ?$35 comma 16435,164. C. very slow. D.
138.0138.0 times. Orlando Medical Corporation Consolidated Statements of Financial Position
December 31, (In Millions) 2014 2013 Assets: Current assets Cash and cash equivalents $4,344
$4,237 Accounts and notes receivable 3,402 2,409 Short-term investments 855 504 Inventories,
at cost 435 404 Prepaid expense and other current assets 1,638 1,220 Total current assets 10,674
8,774 Property and equipment, net 1,560 933 Investments 6,804 5,300 Other non-current assets
301 160 Total assets $19,339 $15,167 Liabilities and stockholder's equity: Current liabilities
Accounts payable $7,703 $6,002 Accrued and other liabilities 3,787 3,011 Total current
liabilities 11,490 9,013 Long-term debt 305 306 Other non-current liabilities 1,687 1,177 Total
liabilities 13,482 10,496 Stockholders’ equity Preferred stock and capital in excess of $0.02 par
value; shares issued and outstanding: none - - Common stock and capital in excess of $0.05 par
value; shares authorized: 6,000; shares issued: 2,112 and 1,852, respectively 7,804 7,001
Treasury stock, at cost; 184 and 124 shares, respectively (6,333) (4,401) Retained earnings 4,516
2,162 Other comprehensive loss (98) (49) Other (32) (42) Total stockholders’ equity 5,857 4,671
Total liabilities and stockholders’ equity $19,339 $15,167 PrintDone Orlando Medical
Corporation Consolidated Statements of Income Year ended December 31, (In Millions, Except
per Share Amounts) 2014 2013 2012 Net revenue $42,667 $35,613 $31,124 Cost of goods sold
35,164 29,270 25,478 Gross profit 7,503 6,343 5,646 Operating expenses: Selling, general, and
administrative 3,747 3,275 2,600 Research, development, and engineering 584 560 534 Special
charges - - 503 Total operating expenses 4,331 3,835 3,637 Operating income 3,172 2,508 2,009
Investment and other income (loss), net 195 194 (78) Income before income taxes 3,367 2,702
1,931 Income tax expense 1,100 912 475 Net income $2,267 $1,790 $1,456 Earnings per
common share: Basic $1.24 $0.94 $0.41
Solution
Answer : A. 84 times
=> Inventory t/o = COGS/average inventoryYear20142014Cost of Goods
Sold3516435164Average Inventory(435+404)/2419.5Inventory Turnover83.82