Inventory Turnover Is Computed by

question 18

Multiple Choice

Inventory turnover is computed by

• A)dividing the cost of goods sold by the average aggregate inventory value.
• B)dividing the average aggregate inventory value by costs of goods sold.
• C)multiplying the average aggregate inventory value by cost of goods sold.
• D)subtracting cost of goods sold from the average aggregate inventory value.

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Definitions:

Magnetic Tapes

A medium for magnetic recording, made of a thin magnetizable coating on a long, narrow strip of plastic film, used for data storage and backup.

Organizations

Entities comprised of multiple people working together towards a common goal or purpose, often structured in a way to manage resources, processes, and responsibilities.

ALU

Arithmetic Logic Unit (ALU) is a critical component of a computer's processor that performs all arithmetic and logical operations within the computer.

Microprocessor

A compact integrated circuit designed to perform the operations and functions of a computer's central processing unit (CPU).