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Explain how to calculate the slope of a line. What does the slope measure?
Inventory
The goods and materials a business holds for the ultimate purpose of resale or processing.
Perpetual Inventory System
An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
FIFO Method
An inventory valuation method where the first goods purchased are the first ones to be sold, "First In, First Out".
Days In Inventory
Days in inventory is a financial metric indicating how long it takes for a company to turn its inventory into sales.
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