Which of the Following Statements About Inventory Turnover Analysis Is

question 73

Multiple Choice

Which of the following statements about inventory turnover analysis is not correct?

• A)In making comparisons of financial statements,it is desirable to compare data calculated using the same inventory costing methods.
• B)The inventory turnover ratio and days to sell measure will be affected by the cost flow assumptions used,which causes problems for financial statements users.
• C)Inventory turnover also can vary significantly between companies within the same industry.
• D)The inventory turnover and days to sell ratios are consistent among companies in different industries.

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Definitions:

Thylakoid Membrane

A membrane-bound compartment inside chloroplasts and cyanobacteria. They are the site of the light-dependent reactions of photosynthesis.

Stroma

The supportive framework of a biological cell, tissue, or organ. In chloroplasts, it refers to the dense fluid surround the thylakoids wherein the light-independent reactions of photosynthesis occur.

Thylakoid Compartment

The site within chloroplasts containing chlorophyll where the light-dependent reactions of photosynthesis occur, arranged in stacks or lamellae.

Calvin-Benson Cycle

The Calvin-Benson cycle is a series of biochemical redox reactions that take place in the chloroplasts of photosynthetic organisms, used to fix carbon dioxide into organic compounds.