Inventory Turnover Is Calculated As

question 127

Multiple Choice

Inventory turnover is calculated as:

• A)average inventory for the period divided by gross profit for the period.
• B)gross profit for the period divided by average inventory for the period.
• C)average inventory for the period divided by cost of goods sold.
• D)cost of goods sold divided by average inventory for the period.

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Definitions:

Survey Research

A method of gathering data from respondents through a structured questionnaire to collect information on opinions, behaviors, or characteristics.

Participant Observation

A qualitative research method where the researcher immerses themselves in a group to observe and participate in its activities.

Strengths and Weaknesses

Strengths and weaknesses refer to the internal factors and characteristics that support or hinder a person's ability to achieve their goals and objectives.

Experimental Method

A scientific approach to research where variables are manipulated to observe their effects on other variables, often used to test hypotheses.