Which of the Following Is Calculated by Dividing Cost of Goods

question 98

Multiple Choice

Which of the following is calculated by dividing cost of goods sold by average inventory and then dividing this result into 365 days?

• A)Inventory turnover
• B)Current ratio
• C)Days to collect ratio
• D)Days to sell ratio

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Definitions:

Cloud-Based ERP

Enterprise Resource Planning systems hosted on remote servers, offering businesses access to their business-critical applications at any time from any location.

Control

The power to influence or direct people's behavior or the course of events.

Change Management

The process, tools, and techniques used to manage the people side of change to achieve the required business outcome; it involves managing the transition from a current state to a desired future state.

Vanilla Approach

A method or solution that is simple, basic, or unmodified; often used as a starting point before any customizations are made.