Which of the Following Represents the Correct Formula for Calculating

question 74

Multiple Choice

Which of the following represents the correct formula for calculating raw materials inventory turnover for a manufacturer?

• A)Raw materials purchased/Average raw materials inventory.
• B)Average raw materials inventory/Raw materials used.
• C)Raw materials used/Average raw materials inventory.
• D)Ending raw materials/Raw materials used * 365.
• E)Raw materials used/Beginning raw materials inventory * 365.

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Definitions:

Rare Book

A book considered valuable due to its age, scarcity, historical significance, or association with a notable figure or event.

Business Ethics

A form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment.

Public Disclosure

The act of making information or data available to the general public, often mandatory for government bodies and public companies.

Ethical Behavior

Conduct that is consistent with what society, individuals, or businesses consider to be good values or moral principles.