Devin Inc Has an Inventory Turnover Ratio of 30

question 33

Multiple Choice

Devin Inc. has an inventory turnover ratio of 30. Devin's average number of day's inventory is:

• A) Less than 10.
• B) Between 10 and 12.
• C) More than 12.
• D) Unable to be determined based on this limited information.

Understand the structure and function of the mucosal layer in the digestive tract.

Understand the concept and calculation of Mean Squared Error (MSE) in forecasting.

Learn to apply exponential smoothing technique for demand forecasting.

Grasp basic forecasting error measures: MSE, MAD, and MAPE.

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Definitions:

Ending Inventory

The total value of all goods still available for sale at the end of an accounting period.

Beginning Inventory

The amount of inventory a company has at the start of an accounting period.

Markup

The sum added onto the purchase price of products to encompass both overhead expenses and profit margins.

Average Inventory

The mean amount of inventory held by a business over a specific period of time, calculated to assess inventory management efficiency.