The Inventory Turnover Ratio Compares

question 41

Multiple Choice

The inventory turnover ratio compares:

• A) current assets to inventory.
• B) cost of goods sold to inventory.
• C) average receivables to inventory.
• D) average assets to inventory.

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Definitions:

Terminated

Ended or concluded, often used in the context of employment to indicate that a worker's job position has been ended by the employer.

Notary Public

A public official authorized to witness the signing of legal documents and administer oaths, to help prevent fraud.

Bigamy

The act of entering into marriage with one person while still legally married to another.

Legally Married

The official union of two individuals recognized by law, entitling them to certain rights, benefits, and obligations.