The following information was available for Pete Company at December 31, 2013:
beginning inventory $90,000;
ending inventory $80,000;
cost of goods sold $656,000; and sales $900,000.
Required:
1. Pete's inventory turnover ratio in 2013 was .

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.