Which of the following is the most appropriate regarding inventory turnover? a. inventory turnover increases as average inventory decreases, while other things remain the same. b. inventory turnover is an efficiency measure. c. inventory turnover is unaffected by changes in annual sales. a. choice a b. choice b c. choice c d. choice a and b only. e. choice a, b and c will hold.

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above