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Poor flexibility may increase risk of injuries.
Average Inventory
A means of measuring the approximate amount of inventory a company holds over a certain period, aiming to balance holding costs against stockout risks.
Gross Profit
The difference between sales revenue and the cost of goods sold before deducting overheads, interest, tax, and other expenses.
Ending Inventory
The total value of all inventory still available for sale at the end of an accounting period.
Income Statement
An Income Statement is a financial statement that shows a company's revenues and expenses over a specified period, culminating in net profit or loss.
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