Examlex
Which is the most accurate statement?
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period.
Beginning Inventory
The initial quantity of goods available for sale at the start of an accounting period.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting sold goods.
Operating Cash Flows
Cash generated from a company's normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.
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