Cost of Goods Sold/average Inventory Is the Formula for Which

question 74

Multiple Choice

Cost of goods sold/average inventory is the formula for which of these analytical measures?

• A)Inventory turnover
• B)Number of days' sales in inventory
• C)Return on investment
• D)Debt to assets ratio

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Definitions:

Global Integration

The process of interconnecting the world's economies, cultures, and infrastructures driven by global trade and investment.

Service Customization

The process of tailoring services to meet the specific needs and preferences of individual customers or market segments.

Process Regrouping

The reorganization of tasks, operations, or workflows within a business or project to increase efficiency, clarity, or effectiveness.

Location Economies

Cost advantages that a firm obtains by operating in a particular geographical area.