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:

Canadian Company

A business entity that is registered, operates, or was founded in Canada.

Real Exchange Rate

The price of a country's goods and services compared to those of another country, adjusted for inflation.

Trade Restriction

Measures implemented by governments to control the amount of trade across their borders including tariffs, quotas, and bans.

Net Capital Outflow

The net balance resulting from domestic residents buying foreign assets and foreigners buying domestic assets.