Inventory Turnover at Cost Is Net Sales Divided by Average

question 21

True/False

Inventory turnover at cost is net sales divided by average inventory at retail.

---

Definitions:

Productivity

Measures the efficiency of production in terms of the output produced per unit of input.

Profit Margins

An indicator of a company's financial health, calculated as the difference between revenue and expenses in relation to revenue.

Employee Benefits

Compensation in forms other than cash.

Nonunion Operations

Workplaces or businesses that do not have their employees represented by a labor union or similar worker's association.