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What is one of the downsides of the technological revolution happening nowadays?
Days' Sales
Refers to the ratio that indicates how many days worth of sales a company has in inventory, providing insight into inventory management efficiency.
Inventory
An accounting term for goods and materials that a business holds for the ultimate goal of resale or repair.
Inventory Turnover
A measure of how frequently a company sells and replaces its stock of goods during a certain period of time, indicating the efficiency of inventory management.
Lower-Of-Cost-Or-Market
An accounting principle that values inventory at the lower of either its historical cost or its current market price.
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