Which of the Following Is the Correct Formula to Calculate

question 102

Multiple Choice

Which of the following is the correct formula to calculate inventory turnover?

• A) Inventory turnover = Cost of goods sold / Average merchandise inventory
• B) Inventory turnover = Cost of goods sold × Average merchandise inventory
• C) Inventory turnover = Cost of goods sold + Average merchandise inventory
• D) Inventory turnover = Cost of goods sold - Average merchandise inventory

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Definitions:

Yield To Call

The rate of return on a callable bond if the bond is redeemed by the issuer before its maturity date, considering both interest payments and the capital gain or loss incurred.

Bond Analysts

Professionals who specialize in evaluating bonds and their issuers to provide investment recommendations based on financial stability and potential returns.

Par Value

The legal capital assigned per share of a stock, which is a nominal value rather than indicative of the market price.