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Describe the contributions of Andre M.Guerry and Adolphe Quetelet to the field of criminology, and explain their significance.
Net Realizable Value
The estimated selling price of inventory in the ordinary course of business minus any estimated costs necessary to make the sale, used in determining the value of ending inventory.
Inventories
The total amount of goods and materials held by a company for the purpose of resale or production.
Days In Inventory
A financial ratio indicating the average number of days the company takes to turn its inventory into sales.
Gross Profit
The difference between revenue generated from goods or services sold and the cost of those goods or services sold, not accounting for other operating expenses.
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