Examlex
What is a device that measures the acceleration (the rate of change of velocity) of an item and is used to track truck speeds or taxi cab speeds?
Inventory Turnover Ratio
A measure of how efficiently a company turns its inventory into sales by comparing cost of goods sold to average inventory for a period.
Inventories
Inventories are the goods and materials a business holds for the purpose of resale or production in the ordinary course of business.
Cost of Goods Sold
The total cost directly involved in manufacturing or acquiring the products sold by a company during a particular period.
Acid Test Ratio
A liquidity ratio; those assets that are most easily converted to cash are divided by current liabilities to indicate ability to pay off short-term debt. Also called quick ratio.
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