Which of the Statements Below Is TRUE

question 34

Multiple Choice

Which of the statements below is TRUE?

• A)Inventory turnover is cost of goods sold divided by accounts receivables.
• B)Receivables turnover is accounts receivable divided by sales.
• C)Total asset turnover is profits divided by total assets.
• D)A higher inventory turnover ratio signifies that inventory is moving faster.

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Definitions:

Faith Initiative

A program or effort, often led by a religious or community organization, aimed at addressing social issues or providing support to community members.

Faith-based Service Providers

Organizations that offer services grounded in religious beliefs or principles.

Religious Autonomy

The right of individuals or groups to have control over their own religious beliefs, practices, and organization without external interference.

Terminating

The act of bringing something to an end or the process of something coming to an end.