The Inventory Turnover Ratio Equals ________

question 34

Multiple Choice

The inventory turnover ratio equals ________.

• A) cost of goods sold divided by average inventory
• B) sales revenue divided by average inventory
• C) sales revenue divided by cost of goods sold
• D) 365 divided by average inventory

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Definitions:

Output Changes

Alterations in the quantity of goods or services produced by a firm, industry, or economy, influenced by factors like technology, input prices, and demand.

Federal Rules

The regulations established by federal authorities that govern legal procedures, evidence, and the administration of justice in federal courts.

Trial Judge

A judge who presides over court trials, making decisions on matters of law and overseeing the proceedings.

Jury

A group of citizens selected to decide the outcome of a trial based on evidence presented to them in court.