The Inventory Turnover Ratio Is Calculated by Dividing Cost of Goods

question 45

Multiple Choice

The inventory turnover ratio is calculated by dividing cost of goods sold by

• A) beginning inventory.
• B) 365 days.
• C) ending inventory.
• D) average inventory.

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Definitions:

Nerve Cells

Also known as neurons, specialized cells in the nervous system that transmit information through electrical and chemical signals.

Human Nervous System

The part of the body that coordinates its voluntary and involuntary actions and transmits signals to and from different parts of its body.

Neurons

Electrically excitable cells in the nervous system that process and transmit information through electrical and chemical signals.

Communicate

The process of conveying information or expressing thoughts and feelings through verbal or non-verbal means.