Days' Sales in Inventory Is Calculated by

question 201

Multiple Choice

Days' sales in inventory is calculated by

• A)Ending inventory divided by cost of goods sold times 365
• B)Dividing cost of goods sold by merchandise inventory
• C)Dividing merchandise inventory by cost of goods sold
• D)Cost of goods sold divided by ending inventory times 365
• E)Ending inventory divided by cost of goods sold

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Definitions:

Social Group

A collection of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity or identity.

Spurious

Describes something that is not genuine, authentic, or true; often used in statistics to refer to coincidental correlations between two variables that are actually caused by a third variable.

Control Variable

In experimental research, a variable that is kept constant to test the relative impact of an independent variable on a dependent variable.

Immigrant Status

The legal condition of a person who has come to live permanently in a country where they were not born, often impacting their rights and obligations.