The Inventory Turnover Is Calculated by Dividing

question 145

Multiple Choice

The inventory turnover is calculated by dividing

• A) cost of goods sold by the ending inventory.
• B) cost of goods sold by the beginning inventory.
• C) cost of goods sold by the average inventory.
• D) average inventory by cost of goods sold.

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Definitions:

Wilhelm Wundt

Known as the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.

Observable Behavior

Actions of an individual that can be seen or measured directly, as opposed to thoughts or feelings which are internal.

Inner Sensations

Personal feelings and perceptions that occur within oneself, often not observable by others.

American Philosopher

A thinker from the United States who contributes to the field of philosophy, dealing with subjects such as ethics, logic, metaphysics, and epistemology.