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Equity
The value of an owner's interest in a property or business, after all debts and other liabilities have been deducted.
Inventory Turnover Ratio
A financial metric indicating how many times a company’s inventory is sold and replaced over a particular period, revealing efficiency in inventory management.
Average Merchandise Inventory
The average value of a company’s inventory over a certain period, calculated to evaluate inventory levels and turnover.
Cost of Goods Sold
Costs directly incurred from producing goods a company sells, involving the expenses for materials and labor.
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