1. You have been given the following statements for 2004 for two companies that compete in very similar markets. Company A: Sales $50,000,000; Cost of goods sold. $30,000,000; Gross profit, $20,000,000; Selling and Administrative expenses, $18,000,000; Net profit, $2,000,000; Ending inventory, 2003, $2,000,000; Ending Inventory, 2004, $1,000,000. Company B: Sales, $80,000,000; Cost of goods sold, $56,000,000; Gross profit, $24,000,000; Selling and Administrative expenses, $21,600,000; Ending Inventory, 2003, $7,500,000; Ending Inventory, 2004, $6,500,000. Inventory turns for companies A and B for 2004 are closest to;
a. 10 times and 4 times
b. 20 times and 8 times
c. 20 times and 4 times
d. 4 times and 8 times
2. What are the various ways in which the Internet could assist international marketing researchers.