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Since 1956, the first- through twelfth-grade Weekly Reader student poll has correctly predicted the outcome of every presidential election. What is the best explanation for this?
Physical Inventory
A count of all inventory a business physically has in its possession at a specific point in time.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period of time, providing insight into its profitability.
Inventory Turnover Ratio
A metric indicating how often a company sells and replaces its stock of goods during a particular period.
Days' Sales
A financial ratio that calculates the average time it takes for a company to convert its inventory into sales.
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