The Inventory Turnover Ratio Is Represented by Which of the Following

question 203

Multiple Choice

The inventory turnover ratio is represented by which of the following formulas?

• A)net credit sales / average inventory
• B)average inventory / net credit sales
• C)cost of goods sold / average inventory
• D)average inventory / cost of goods sold

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Definitions:

SUVs

Sport Utility Vehicles, a category of motor vehicles that combine elements of road-going passenger cars with features from off-road vehicles, like raised ground clearance and four-wheel drive.

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price during a specified time period.

Quantity Demanded

The quantity of a product or service that buyers are ready and capable of buying at a certain price.

Complements

Items or services that complement each other in such a way that a rise in demand for one results in a rise in demand for its counterpart.