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COGNITIVE ASSESSMENT What is the World Wide Web?
Ending Inventory
The value of goods available for sale at the end of an accounting period which is not yet sold.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating efficiency in inventory management.
Days' Sales
A metric that calculates the average time it takes for a company to convert its inventory into sales.
Average Daily Cost
This measures the average amount spent per day over a specified period, often used in budgeting and financial planning.
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