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Figure
-If and AV=120 in Figure 18-1( c) , Ri equals___________
Ending Inventory
The worth of merchandise ready for sale at the conclusion of an accounting cycle, determined by adding beginning inventory to purchases and subtracting the cost of goods sold.
Days' Sales in Inventory
A financial ratio indicating the average time it takes for a company to turn its inventory into sales.
Cost of Goods Sold
The total cost of manufacturing or acquiring the products sold by a business during a particular period, including labor, materials, and overhead expenses.
Ending Inventory
The overall value of commodities poised for sale at the termination of an accounting period.
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