Inventory Turnover Can Be Calculated By

question 46

Multiple Choice

Inventory Turnover can be calculated by:

• A) Ratio of cost of goods sold over average inventory cost
• B) Ratio of average inventory cost over cost of goods sold
• C) Ratio of inventory days in stock over average inventory cost
• D) Ratio of average inventory cost over inventory days in stock

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Definitions:

Responses

Reactions or replies to stimuli or events, which can be physiological, emotional, or behavioral.

Behaviourism

A psychological approach that emphasizes the study of observable behaviors and their environmental determinants.

Humanism

An outlook or system of thought attaching prime importance to human rather than divine or supernatural matters.

Cognitive Psychology

The branch of psychology that studies mental processes including how people think, perceive, remember, and learn.