The Inventory Turnover Ratio Is Calculated As

question 192

Multiple Choice

The inventory turnover ratio is calculated as:

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

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Definitions:

Paleontology

The study of prehistoric life.

Fossilized Remains

Preserved evidence of ancient life in the form of mineralized bones, footprints, or impressions in rock.

Extinction

Extinction is the process by which a species, genus, or family of organisms ceases to exist, often due to environmental changes, loss of habitat, or competition from other species.

Paleontology

The scientific study of the history of life on Earth through the examination of plant and animal fossils.