Inventory Turnover

question 20

Multiple Choice

Inventory turnover

• A) is calculated by dividing accounts receivable by net sales.
• B) equals total assets minus current assets divided by average inventory.
• C) is calculated by dividing cost of goods sold by average inventory.
• D) equals net sales minus cost of goods sold divided by average turnover.
• E) is calculated by dividing accounts receivable by average inventory.

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Definitions:

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