Which of the Following Is Used to Determine the Rate

question 149

Multiple Choice

Which of the following is used to determine the rate of inventory turnover?

• A) Cost of goods sold divided by Gross profit
• B) Cost of goods sold divided by Average inventory
• C) Cost of goods sold times Average inventory
• D) Cost of goods sold times Gross profit

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Definitions:

Pumice Stone

A light, porous volcanic rock used often in beauty treatments to remove dead skin.

Diaphoretic

pertaining to or causing sweating.

Skin Integrity

The state of skin being whole, undamaged, and intact, which is essential in protecting the body from infection and maintaining overall health.

Driver's License

An official document permitting a specific individual to operate one or more types of motorized vehicles, such as a motorcycle, car, truck, or bus on a public road.