Examlex
Which of the following is NOT included in the measure of M1?
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.
Periodic Inventory System
A method of inventory valuation where updates to inventory records are made at specified periods, rather than continuously.
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