Inventory Turnover

question 34

Multiple Choice

Inventory turnover:

• A) is calculated by dividing accounts receivable by net sales
• B) equals total assets minus current assets divided by average inventory
• C) is calculated by dividing net profit by average retail inventory
• D) equals net sales minus cost of goods sold divided by average turnover
• E) is none of these

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Definitions:

Broca's Area

A region in the frontal lobe of the brain associated with speech production.

Left Frontal Lobe

A region of the brain located in the front left part of the cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.

Temporal Lobe

A region of the cerebral cortex involved in processing auditory information and encoding memory.

Right Frontal Lobe

The right section of the frontal lobe of the brain, associated with managing and manipulating information, as well as aspects of creative thought and problem solving.